Commerce Media has launched its two-factor authentication (2FA) solution, Celo, which is suitable for any financial organisation wanting to secure online information or control access to Internet applications. The company says that the software can seamlessly integrate into existing IT infrastructures without requiring additional user hardware. During the standard login process to an Internet application, the user is automatically sent a one-time-password (OTP) to their mobile phone, PDA, email account, or instant messenger service. When prompted by the web application, the OTP is entered by the user. The password is specific to that user and only valid for a set period after which it expires. With the combination of a static user name/password, and issue of a real-time OTP via an independent medium such as a mobile phone, the company says that both parties can verify their identity and be confident that the communication has not been corrupted.
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