Yubico Brings Two-Factor Authentication to Mortgage Industry
PALO ALTO, Calif. and STOCKHOLM, June 20, 2011 /PRNewswire/ — Yubico, a leading provider of easy and secure login solutions, today announced its YubiKey is providing two-factor authentication for Avantus and their customers. Avantus specializes in providing customized mortgage credit reports, mortgage-related services and technology solutions to the nation’s financial community.
Many online web services are protected only by a single password; but within the past year, compromised identities and stolen passwords have exposed weaknesses in this “single-factor” authentication. By offering their customers the security of two-factor authentication, Avantus provides their customers the protection they need to securely access credit information.
“In the mortgage industry, the overriding issue is confidence,” said Louis Capobianco, president of Avantus. “We have implemented the YubiKey to help protect our customers from compromised identities and stolen passwords. The YubiKey was extremely simple to implement and our customers were able to set it up on their own in 15 minutes. Plus it is very affordable compared to other solutions out there.”
The YubiKey simplifies the process of logging in with a One-Time Password (OTP) token as it does not require the user to re-type OTPs from a display device into the login field of the computer. The YubiKey is inserted in the USB port of any computer and the OTP is generated and automatically entered with a simple touch of a button on the YubiKey, without the need of any client software or drivers. The rugged, ultra-thin, battery-free, crush safe and waterproof design has also been fundamental to the success of the YubiKey, currently used by a million users globally.
Avantus specializes in providing customized mortgage credit reports, mortgage-related services and technology solutions to the nation’s financial community. Their easy-to-use suite of products and services allow originators, credit unions, banks and lenders to reduce costs, simplify operations and close more loans. For more information: www.avantus.com.
Yubico’s core product is the YubiKeyÃ‚®, a unique USB-key for instant and strong authentication to networks and services.