Aladdin and IdenTrust Partner to Strengthen Security for Online Banking

SOURCE:

Aladdin Knowledge Systems

2008-07-15 05:30:00

Aladdin and IdenTrust Partner to Strengthen Security for Online Banking

Aladdin eToken and IdenTrust Provide Certificate-Based Authentication, Encryption and Digital Signing Solutions for Secure Financial Transactions

CHICAGO, IL–(EMWPresswire – July 15, 2008) – Aladdin

Knowledge Systems (NASDAQ: ALDN), an information security leader

specializing in authentication, software DRM and content security, today

announced a partnership with IdenTrust, who possesses the only global

bank-centric identity network, to provide identity authentication solutions

for secure online banking and financial transactions.

Aladdin and IdenTrust are collaborating to offer certificate-based two-factor

authentication for unmatched security, enabling financial organizations

in the United States, Europe and Asia to implement next-generation

technology to improve the security of e-commerce, fight identity theft,

increase customer trust and drive revenue.

Aladdin and IdenTrust will develop joint initiatives to drive future

innovation and expand the options available for secure online banking and

other industries requiring globally interoperable certificate-based

transactions. A premier provider of authentication solutions to global financial

institutions and the United States government, IdenTrust has won numerous

awards and received global recognition from Ernst and Young, Bank

Technology News and Financial-i.

Aladdin eToken

PRO is certified by IdenTrust to be compliant with the IdenTrust Rule

Set, which provides a standards-based approach for identity authentication

and validation developed by the global financial services community and

accepted in more than 175 countries. The IdenTrust Rule Set delivers an

interoperable framework that enables regulatory compliance for

high-assurance identities which are legally binding and universally

applicable for all forms of electronic transactions.

“IdenTrust is partnering with Aladdin to complement our bank-issued

identity credentials, providing high-quality and robust smartcard

technology that financial institutions and their customers can trust and

rely upon,” said Karen Wendel, Chief Executive Officer at IdenTrust.”

Authentication, Encryption and Digital Signatures

IdenTrust validates the identity associated with the transaction, but not

the data associated with the transaction — preserving the integrity and

confidentiality of transmitted data. Online banking conducted while

authenticated with the Aladdin-IdenTrust solution is encrypted, making data

inaccessible to unauthorized persons as well as eliminating phishing and

man-in-the-middle attacks. Secure digital signatures authorize electronic documents,

emails and transactions to the same level of legal protection as

traditional ink-and-paper signatures.

Compliance

Combining authentication, encryption and digital signing, the

Aladdin-IdenTrust solution assists organizations in complying with a

multitude of regulatory requirements including Sarbanes-Oxley (SOX), HIPAA,

PCI, and FFIEC initiatives for Anti-Money Laundering (AML) and Know Your

Customer (KYC).

“IdenTrust certification of Aladdin eToken is a testament to the strength

of eToken in the global authentication market,” said Phil Pavay, vice

president of global business development at Aladdin Knowledge Systems. “By

partnering with IdenTrust, Aladdin is able to expand the range of eToken

services to incorporate IdenTrust’s globally-recognized Trust Network

certificates for the highest security in online financial transactions.”

About IdenTrust

IdenTrust is a leader in trusted identity solutions recognized by financial

institutions, government agencies and businesses around the world. The only

bank-developed identity authentication system, IdenTrust provides a legally

and technologically interoperable environment for authenticating and using

identities in more than 175 countries. IdenTrust enables end-users to have

a single identity that can be used with any bank, any application, and

across any network. IdenTrust identities are globally interoperable under

uniform private contracts. For more information, visit www.identrust.com.

About Aladdin eToken

Aladdin eToken is the world leader for USB-based authentication solutions.

eToken provides strong user authentication and cost-effective password

management solutions, enabling secure network access, improved data

security through enhanced encryption and digital signing, as well as

compliance with a wide range of regulatory requirements worldwide. Visit

www.Aladdin.com/eToken.

About Aladdin

Aladdin Knowledge Systems’ Software Rights

Management products are the #1 choice of software developers and

publishers to protect intellectual property, increase revenues, and reduce

losses from software piracy. Aladdin eToken is the world’s #1 USB-based

authentication solution. The Aladdin eSafe secure Web gateway

provides the most advanced protection against the latest Web-based threats

and attacks. Aladdin has offices in 12 countries, a worldwide network of

channel partners, and has won numerous awards for innovation. For more

information, visit the Aladdin Web site at www.Aladdin.com.

©2008 Aladdin Knowledge Systems, Ltd. All rights reserved. eToken,

Aladdin Knowledge Systems and the Aladdin logo are trademarks or registered

trademarks of Aladdin Knowledge Systems, Ltd. All other product and brand

names mentioned in this document are trademarks or registered trademarks of

their respective owners.

Press Contact:
Matthew Zintel
Zintel Public Relations
matthew.zintel@zintelpr.com
310.574.8888

Investor Relations Contact:
Erik Knettel / Andrea Costa
Global Consulting Group
aladdin@hfgcg.com
646.284.9400

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