JOHANNESBURG–(BUSINESS WIRE)– Entersekt, vernieuwer van mobiele beveiliging van digitaal bankieren, heeft vandaag aangekondigd samen te werken met IST Networks. IST is een toonaangevende systeemintegrator in het Midden-Oosten en biedt banken en bedrijven in de regio nu de Transakt-technologie van Entersekt aan.
Transakt is een gepatenteerd product voor meervoudige authenticatie en beveiliging van apps. Het biedt bescherming tegen phishing en andere aanvallen op online, mobiele en kaartloze kanalen. Transakt gebruikt de modernste digitale certificatietechnologieën en gepatenteerde technieken voor mobiele ratificatie. Daarmee creëert het een betrouwbaar communicatiemiddel tussen dienstverleners en de mobiele telefoons of tablets van hun klanten.
Entersekt Appoints IST Networks as Reseller in the Middle East and Turkey
JOHANNESBURG–(BUSINESS WIRE)– Entersekt, an innovator in mobile-enabled digital banking security, today announced a partnership with IST Networks. A leading systems integrator in the Middle East, IST now offers Entersekt’s Transakt technology to banks and other enterprises operating in the region.
Transakt is a patented multi-factor authentication and app security product that provides full protection from phishing and other attacks targeting the online, mobile, and card-not-present channels. It uses state-of-the-art digital certificate technology and proprietary mobile validation techniques to form a trusted communication channel between service providers and their customers’ mobile phones or tablets.
Secure push messages are delivered to users over this channel, which is fully out of band. Users approve or reject transactions with one tap, and their responses are digitally signed. Transakt secures the entire process in the background, seamlessly. There is no need for one-time passwords (OTPs). [Watch: 50-second explainer video.]
OTP-based authentication remains the predominant means of securing digital banking in the Middle East, particularly in Saudi Arabia and Bahrain where SMS OTPs or mTANs are widely used. It is, however, no longer fit for purpose, being increasingly compromised by phishing and SIM-swap attacks and providing a cumbersome user experience.
“A storm of large-scale attacks against OTPs continues to build globally, even as regulators and telecommunications bodies urge businesses to shelve the dated technology,” said Dewald Nolte, a co-founder of Entersekt and its SVP partnerships and alliances. “Now is the perfect time for banks in this region to reevaluate their approach to user authentication. Our partnership with IST Networks provides an opportunity for them to do just that.”
“Entersekt’s digital security solution is a key component within IST’s CX portfolio,” added Mohamed Fahmy, CEO of IST Networks. “Both IST and Entersekt understand the importance of digital convenience with today’s security conscious consumers.”
About IST Networks
IST is ideally placed to deliver innovative and reliable customer experience systems to suit end-customers of today and tomorrow. IST’s extensive knowledge of the local market and demographic behavior allows it to provide valuable intelligence in creating effective customer experience systems that keep brand promises.
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