BT has launched a new authentication service aimed at providing high value or high risk online services to combat fraud and identity theft.
The new service, BT Managed Authentication, provides multi-factor authentication, which supplements the traditional username and password with an extra one-use only password, which is generated by a unique algorithm running on a device or piece of software issued to each individual customer.
Jeffrey Schmidt, executive global head of business continuity, security and governance at BT Global Services, said: "Businesses and end-users are facing increasing attacks against online services, and the need for better security is vital. Whether it is protection from fraudsters or simply wanting to reassure consumers that their money or data is secure, many organisations are moving away from username and password, towards stronger methods of authentication.”
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