RSA Security (RSAS) has announced its strategic partnership with DynamiCode to deliver a comprehensive consumer authentication service using an ASP model to Hong Kong and China users.
The service will include consultation and support on security policy planning, installation, deployment and user management.
DynamiCode aims to provide a reliable and flexible solution for banking and financial institutions allowing their customers to use token-based authentication to protect their online accounts.
DynamiCode incorporates the proven authentication technology from RSA Security, in which the token-based authenticator generates a simple, one-time authentication code that changes every 60 seconds to protect user identities from hackers. Users simply enter their User ID followed by the one-time access code to complete the authentication process.
"In June, the Hong Kong Monetary Authority and the Hong Kong Association of Banks announced the introduction of two-factor authentication for high-risk retail internet banking transactions," said David Fung, Managing Director — North Asia of RSA Security.