Cronto Launches Optical Device for Secure Online Banking

Cronto, the UK-based firm that specialises in secure transaction authentication solutions, has launched its CrontoSign optical device for secure online banking.

The new device is available as a dedicated hardware optical reader that features a large colour screen, replaceable batteries and a new compact form-factor. A large 1.7″ colour thin film transistor (TFT) display allows banking customers to review all transaction details on the same screen.

Transaction information is instantly decoded and decrypted by the device from the CrontoSign image, enabling the bank to control of what and how is presented on the trusted display of the CrontoSign reader. The bank can choose, in real time, the exact message to display on the device to give the customer the best chance to spot a fraudulent transaction. This allows the bank to mitigate both current attacks and also future threats posed by social engineering attacks and banking Trojans.

“We have been working closely with our customers to further enhance the usability and security features of the CrontoSign device,” said Igor Drokov, chief executive officer (CEO), Cronto. “Being able to present all payment details in one simple view and using text colour and style to highlight any unusual activity to the customer was one of the key areas of this development.”

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