Global Crypto Systems provides strong authentication solutions for Internet based
financial transactions.
Many of the first generation multi-factor authentication techniques are subject to Man-In-The-Middle attacks--particularly when combined with DNS Poisoning. Global Crypto Systems addresses these new "Pharming" attacks that are emerging in the market.
Global Crypto Systems was started in Alpharetta GA in June of 2006 with a concept to improve on current online multi-factor authentication schemes used in online banking applications. The U.S. Federal Government (FFIEC) has mandated the use of multi-factor authentication for online applications and created a market of 17,998 Financial Institutions in the U.S. that need the RealMe authentication system from GCS.
Several major trends have fueled the need for Global Crypto Systems services:
- The common adoption of Internet Banking services and Internet Commerce in General.
- The dramatic rise in Fraud through the use of the Internet in terms of volume of Phishing attacks and sophistication of attacks (Pharming).
- Recent mandates by the US Federal Government (FFIEC) that traditional authentication methods are not adequate to protect online users of Banking applications and must be improved.
Global Crypto Systems' RealMe authentication system propels Financial Institutions forward in the protection offered to consumers and meets the requirements imposed by the FFIEC
.