Press Release
SUPERPIN – BREAKTHROUGH IN PASSWORD SECURITY FOR
CREDIT CARDS, CHECKS, AND HIGH VALUE TRANSACTIONS
WASHINGTON, November 15, 2006 -- IT
GlobalSecure, Inc. is pleased to announce the
availability of its SuperPIN password technology. This
innovative security manual technique addresses the most
common problem with credit card, bank, mutual fund, and
other financial transactions: one-time fraud by clerks,
waiters, call center employees, and other
intermediaries.
"SuperPIN
doesn’t solve every security problem. Instead, by
focusing on the most common and serious problems,
financial institutions can get most of the security
benefits for a fraction of the cost of smart cards and
other high tech strategies," said Cheryl Campbell,
President of IT GlobalSecure. Most credit card and other
authorization security solutions only work for either
face-to-face or online transactions.
View here
for how SUPERPIN works
(http://itglobalsecure.net/superpin/how-it-works.htm)
Just like
regular passwords and PIN systems, SuperPIN can be used
for face-to-face, online, and even phone-based
transactions. SuperPIN works by taking a regular PIN or
password, divides it into several pieces and shuffling
in some other sets of random letters or numbers. Any
consumer who can use a password can use this simple
three-step process, shown at
http://itglobalsecure.net/superpin/how-it-works.htm
.
The most
powerful feature of SuperPIN is that even if a crook
gets access to a SuperPIN, they won’t be able to use it
for their own purposes. If they try, there is an
excellent chance that they will be caught. Consumers
create a new SuperPIN from their password for every new
transaction. This creates an audit trail that both
protects transactions and helps catch criminals.
“The
problem with most passwords and PINs is that once they
have been compromised by a crook, they are lost”,
according to Steven Davis, CEO of IT GlobalSecure,
"SuperPIN changes this dynamic. It protects the actual
PIN or password from being used by a criminal without
risk."
About
Us. IT GlobalSecure provides complete security
engineering, consulting, and training services to
companies worldwide. It also operates the leading
security blog:
http://www.playnoevil.com/ and delivers the
SecurePlay anti-cheating software package for online
games. IT GlobalSecure’s team has over 40 staff-years of
experience designing and deploying advanced secure
information systems. IT GlobalSecure holds US and
worldwide patents for SuperPIN, the SecurePlay fair play
protocols and additional patents pending.
SUPERPIN
DETAILS:
http://itglobalsecure.net/superpin/how-it-works.htm
Contact: D. Altman
+1.650.472.3771
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