LOS ANGELES, Nov. 28, 2005 (PRIMEZONE) -- CipherPass Corporation (Pink Sheets:CPHC) announces the launch of C-keys, an effective, two-factor authentication solution that overcomes the weaknesses of password-only based systems. C-keys is the latest addition to CipherPass' C-suite data and identity protection strategic solution set. It leverages something you know, such as a personal identification number (PIN), and something you have, such as your digital ID stored on a USB or smartcard device to validate customers' credentials before granting them access to confidential information.
Recently, the Federal Financial Institutions Examination Council (FFIEC) published the Authentication in an Internet Banking Environment guide, which recommends that financial institutions implement enhanced security measures to address the risk of identity theft to their online banking customers. The FFIEC specifically recommends the use of stronger and more secure two-factor authentication to reliably identify customers before granting them access to valuable and sensitive financial information. Identity theft has become the world's fastest-growing crime, according to the U.S. Federal Trade Commission (FTC). C-keys provides banking institutions and their customers a strong two-factor authentication that is easy to deploy, simple to use and very cost-effective.
C-keys delivers the assured authentication necessary for its integrated C-suite applications to reliably provide access to sensitive information. Unlike the weaknesses associated with passwords, C-keys provides strong authentication features which uniquely identify consumers and also act as the key mechanism for accessing financial banking data. However, C-suite is not merely a single-point security product for reliably authenticating customers. It is also a strategic collection of effective data protection tools that also safeguard confidential data transmitted via email or stored on computers and recordable media (CDs, DVDs and USB hard drives). C-keys is a single, integrated solution that addresses multiple privacy and identity theft concerns.
In addition to its secure online banking authentication features, C-keys can also replace customer's typical Windows username and password login. Online banking customers can simply insert the USB or smartcard-based C-key into their computer and then enter their PIN to securely login. Conversely, by simply removing the C-key, the customer's PC will be inaccessible until the key and PIN is re-entered. It works much in the same manner as ATM cards and PINs are used to access cash. Like an ATM card, if customers lose their C-key, they do not have to worry since any perpetrator would also have to have their PIN before being granted access. C-keys directly defends against the daunting threats of spyware and computer hackers who have been extremely successful in compromising thousands of bank accounts solely protected by passwords.
For additional information regarding CipherPass Corporation and the C-suite technology, please visit www.CipherPass.com.
About CipherPass Corporation
CipherPass Corporation (CipherPass) is a digital security technology company that provides enterprise-class security solutions. Through its product and service portfolio, CipherPass enables businesses to securely share sensitive or confidential electronic information among internal staff, as well as with their business associates and customers. CipherPass' C-suite security solution helps to simplify the process of users securing and sending private digital data within files and emails. C-suite is an effective solution for addressing companies' privacy and security compliance initiatives for HIPAA, Sarbanes-Oxley, GLBA and SB1386.
CipherPass is a FutureVest, Inc. (Pink Sheets:FTVT) portfolio investment (www.FutureVest.com).
Statements in this release are "forward-looking statements." Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, acceptance of the company's products, significant levels of competition for the company and dependence on the performance of the management of the company.