First Bank, with nearly 200 branches in the United States and more than $10 billion in assets, announced today that it has selected Green Armor Solutions to implement two-factor and site/mutual authentication to secure First Bankâs online banking systems. First Bank reported that the selection followed an exhaustive process of comparing and testing authentication solutions from numerous leading vendors.
Green Armor Solutions will enable First Bank to strengthen authentication for online banking and to meet FFIEC security guidelines without sacrificing user friendliness, and without forcing First Bankâs customers to endure enrollment processes or extra steps during each login. The system will also provide simple, straightforward, and psychologically efficient site authentication, helping to protect First Bankâs customers from phishing scams and related fraud without requiring effort by end-users.
"Both the security and usability of our online banking channel are absolutely critical to us at First Bank," remarked Michael Benney, Senior Vice President of Information Technology. "We thoroughly researched and compared authentication systems from numerous vendors before selecting Green Armor based on its unique strengths in the areas of both security and user-friendliness."
Green Armor Solutions' Identity Cuesâ¢ series of enterprise software products leverages a combination of psychology and technology, thereby delivering a solution that is both more effective and easier to implement than alternative offerings. It stands out in its simplicity for users (users do not need to enroll, install any software, carry any devices, memorize any information, or perform extra steps during login), and its security (for example, offering multiple defenses against man-in-the-middle attacks as well as against next generation psychology-based attacks, both of which are beginning to surface as serious vulnerabilities in many authentication systems).
"We are excited to have been chosen as the authentication platform for First Bank, its affiliates, and its subsidiaries," said Shira Rubinoff, President of Green Armor Solutions. "First Bankâs due diligence during the vendor selection process demonstrates the significance it places on online banking, security, and customer satisfaction. The selection of Green Armor by such an institution highlights the superior nature of Green Armorâs technology and the true business value that our advantages bring to our customers."