With cybercrime in Australia now costing more than $1 billion per year, Legal Firms and Professional Services organisations are facing increasing challenges to continually improve security and prevent unauthorised access to high risk or sensitive information and services.
Deal Rooms, client portals and for example in the legal and professional services industries, often only require a username and password. Where two-factor authentication is provided – it is often cumbersome, expensive to manage and difficult to deploy.
At the same time, clients are demanding security of their identity, their information and dealings with firms but expect a convenient, secure and easy-to-use service. As a result, legal firms have to balance consumer demands while meeting their security and compliance requirements.
TokenOne is an Identity Assurance Platform provider, strengthening authentication by replacing passwords and other security technologies with a single, simple solution which links to the firms risk and identity management systems to provide complete control and non-repudiated secure access.
The TokenOne Identity Assurance Platform enables legal and professional service firms to exceed internal and external client expectations. It provides a secure, convenient and cost-effective solution. Clients and users can self manage their identity and account credentials taking the burden from the IT department.
TokenOne redefines Identity Assurance expectations by enabling Legal firms to not just ‘know your client’ but to prove ‘it was your client’. This is achieved with TokenOne patented technology delivering strong two-factor authentication, which ensures the users’ secret PIN is never entered, transmitted or stored and therefore genuinely kept secret.
BENEFITS FOR LEGAL & PROFESSIONAL SERVICES
Meets compliance and governance requirements
Rapidly and easily deployed to large or public networks
Low cost to deploy and manage – rapid Return on Investment and low Total Cost of Ownership
Highly scalable, including when users are distributed
Rapid Identity Management (IDM) integration
Password management costs a thing of the past
Hard Token Replacement
Hard tokens are expensive, inconvenient to carry, complex to manage and do not allow financial institutions to prove user presence. TokenOne enables hard token replacement with a simple to deploy mass scale solution that is interoperable and will integrate with existing systems rapidly and cost effectively.
Soft Token Replacement
Soft tokens require yet more passwords and do not prove user presence – only that someone accessed the user’s phone. TokenOne provides secure, strong two-factor authentication and crucially, a customer PIN is never entered, never transmitted and never stored.
Demands for multiple complex passwords are becoming a burden for customers and are also insecure and can easily be hacked. TokenOne provides strong two-factor authentication that is simple and convenient for customers and provides security for both financial institutions and customer identity protection.
The increasing cost of SMS authentication is driving many financial institutions to consider alternatives. TokenOne removes the need for SMS authorisations and enables organisations to prove user presence. Customers are self-supporting during set-up and low administration requirements ensure reduced IT management costs.