Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
SOURCE tyntec GmbH
Solution strengthens data security, performs real-time validity of mobile numbers & ensures accurate delivery of One-Time Passwords
SAN FRANCISCO, June 26, 2014 /PRNewswire/ --
tyntec, a mobile interaction specialist, introduced a new product, OTP SMS, to further enhance SMS-based two-factor authentication (2FA). OTP SMS effectively pre-verifies mobile numbers for accurate, efficient delivery of One-Time Passwords (OTPs) and reports potential errors in real-time. The responsive reporting feature indicates if a mobile phone number has technical difficulties, is "on" or if the correct mobile number needed for authentication has been entered by the end-user-allowing for an upfront notification to be sent to the end-user to correct the mobile number, then activating the delivery of the SMS to the corrected mobile number for authentication completion.
"Two-factor authentication is becoming the go-to standard for organizations to reinforce online security because of its low-cost component and easy end-to-end integration. Consumers feel vulnerable in the wake of mega-breaches, like Heartbleed and they want better security from companies storing their private data," said Thorsten Trapp, Co-Founder and CTO of tyntec. "SMS-based 2FA is powerful, but its potency is curbed by invalid mobile numbers. Pre-verifying mobile numbers before transmitting an SMS and having the agility to react to real-time verification, or failure, has enormous potential- it's the kind of intelligence that companies find invaluable because it boosts their bottom line, improves conversion rates and makes customers happy and secure; everybody wins."
Successful 2FA relies on accurate OTP delivery
SMS-based 2FA is attractive: it's cost-effective, user-friendly, brings an extra layer of security and integrates easily into existing systems. Accurate delivery of OTPs accentuates SMS-based 2FA, and carries the benefits of being session-based and time-restricted. Data security expert, Ponemon Institute conducted a survey reporting 29% of respondents cite an average 11-20% OTPs fail to be delivered, usually because an invalid mobile number was entered by the end-user. The consequents are clear: un-met expectations result in lower rate of activations and dissatisfied end-users.
Larry Ponemon, Chairman and Founder of the Ponemon Institute, added: "Enterprises and internet companies know that the traditional username and password is simply not enough anymore. However, companies deploying SMS-enabled two-factor authentication need to ensure that One-Time Passwords are being sent to valid mobile numbers. As a result, the research confirmed that 72% of respondents said customer experience improves when SMS-enabled two-factor authentication is combined with real-time verification of the receiver's mobile number."
Security, visibility and easy integration
The benefits of OTP SMS are apparent to both consumers (recipients) and organizations (senders):
tyntec (http://www.tyntec.com) is a mobile interaction specialist, enabling businesses to integrate mobile telecom services for a wide range of uses - from enterprise mission-critical applications to internet services. The company reduces the complexity involved in accessing the closed and complex telecoms world by providing a high quality, easy-to-integrate and global offering using universal services such as SMS, voice and numbers.
Founded in 2002, and with more than 150 staff in six offices around the globe, tyntec works with 500+ businesses including mobile service providers, enterprises and internet companies.
©2012 PR Newswire. All Rights Reserved.