SOURCE: StrikeForce Technologies
EDISON, NJ--(Marketwire - Jul 17, 2012) - StrikeForce Technologies, Inc. (OTCBB: SFOR), creators of out-of-band authentication and anti-keylogging keystroke encryption, today announced that a strategic partnership with TradeHarbor has resulted in the industry's first "three-factor" voice verification solution. The new multi-factor solution meets the highest level of regulatory compliance by combining all three critical factors: who you are, what you have & what you know, over a mobile device.
TradeHarbor is an industry leader in voice verification software and StrikeForce is the creator and patent holder of multi-factor out-of-band authentication, which also includes biometric authentication methods. This is the same proven technology in StrikeForce's ProtectID® authentication solution which is used by many of the industry leaders who have avoided breaches.
"Combining voice verification and out-of-band authentication together to help prevent online fraud was a natural integration waiting to happen," said Mark L. Kay, CEO of StrikeForce. "We can now offer a higher level of security with choices at a fair price."
Three-factor voice verification is ideally suited to protect the industries that most appear in the crosshairs of hackers, including:
- Financial Services
- Healthcare Providers
- Online Retailers
- Government Agencies
- Public Sector Organizations
- Construction Facilities
"This combined offering is a ground-breaking new approach to authentication that provides a level of accountability that has not been available before," noted Paul Heirendt, CEO of TradeHarbor. "With the proliferation of mobile devices and mobile applications, enterprises need strong multi-factor authentication and accountability to provide the security for BYOD, which allows users to access sensitive data on their own devices."
The solution, available as a web service, enables an enterprise to offer its customers a consistent authentication experience across all of its business units and on any of its platforms. Each verification interaction produces a legally-binding voice signature combined with out-of-band authentication, which includes an audit trail to mitigate repudiation by the person being authenticated.
"It provides a consistent user experience and has proven to add high security while providing increased convenience and flexibility," added Heirendt. "Since this total three-factor voice authentication solution is provided as Software as a Service, it minimizes capital expenditures, minimizes internal development resource requirements, time to market, and boosts the ROI resulting from cost savings and customer acquisition & retention."
StrikeForce Technologies (OTCBB: SFOR) is the creator and key patent holder for two factor out-of-band authentication as well as an anti-keylogging keystroke encryption technology (patent pending). The company's GuardedID anti-keylogging keystroke encryption technology prevents keylogger malware from stealing personal, business, financial information and passwords. Their software protects over four million individuals and businesses in over 100 countries from identity theft and data breaches. StrikeForce's ProtectID out-of-band authentication technology is the only platform to offer eight different out-of-band methods, including phone, voice, instant messaging, hard tokens, and desktop/mobile tokens. ProtectID can be installed and managed 100% on premise, or, via StrikeForce's hosted service offering. StrikeForce is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.
TradeHarbor®, Inc., a Delaware corporation, was founded in May 1999 and is headquartered in St. Louis, Missouri. TradeHarbor has been a pioneer in Voice Authentication and offers the Voice Signature Service(SM) (VSS) as a highly scalable Web Service (Software as a Service, "SaaS"). TradeHarbor also designs and deploys custom speech and web-based applications for clients that wish to quickly implement the Voice Signature Service in their business.
The Voice Signature Service(SM) (VSS) is a powerful business solution that deploys advanced speech technologies in the core of a highly-scalable Web Service to offer biometric Voice Authentication as a real-time decision support tool, and provide the ability to obtain legally-binding document signatures over the telephone and in Mobile and Web transactions.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the Company's identity protection software products into various channels and market sectors, the issuance of the Company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors.