Secure Identity Management and Authentication Tools for Financial and Banking Institutions
The Federal Financial Institutions Examination Council (FFIEC) articulates authentication standards and recommendations for stronger online banking security for financial institutions. Administrative application Hideez Safe supports all applications on PC or smartphone, including VPNs, remote access gateways, on-premises and cloud-based applications and more. Hideez provides APIs to cover custom and proprietary banking and financial software and secure SSO, Single-Sign-On Solution. Increase speed of new employees’ adoption and turnaround with sensitive information and risk of data leakage.
Passwords remain the last mile of defense against digital identity theft. Credential stuffing, phishing, session hijacking, man-in-the-middle, and malware attacks have impact not only on company’s financial state but also bears reputational risks for financial institutions. Hideez Authentication Service addresses FFIEC guidelines with strong second factor authentication and OTP generation technology that is resilient against man-in-the-middle attacks.
Hideez offers either independent low-cost Identity and Access Management (IAM) solution or a supplement to existing IAM designed specifically for financial companies that automates fast and secure access to scoring applications, enterprise solutions such as Active Directory, Azure, etc. Deliver the first password, grant or seize access to critical infrastructure in a matter of seconds, define physical location, and measure employee productivity with Hideez Enterprise Server.
The September 2017 and the Deloitte breach, compromised client’s emails, including those of U.S. government agencies and large enterprises. That taught us a lot in terms of better protection for our consultants. With Hideez Password Manager in place, we are sure that the company takes good care of projects under NDA.
– Sam Carter
Hideez offers an all-in-one solution that includes secure password management, desktop MFA, passwordless authentication based on biometric logins or QR codes, and many other features. To better understand this, we’ll take a closer look at the four main components of the Hideez Authentication Service. These are:
Of course, understanding the “why, how, and what” of the topic, we should also highlight the main benefits of the Hideez Authentication Service. Here’s a quick rundown of what security advantages you can look forward to with Hideez:
- Strong Protection – You can count on sound protection against different types of online attacks, including phishing, spoofing, and man-in-the-middle attacks.
- Compliance – The Hideez Authentication Service is compliant with all of the latest modern security and privacy standards. This includes PCI Data Security Standards, GCSx CoCo, HIPAA, SOX, as well as NIST guidelines and FIPS 140-2.
- Remote Access – With advantageous remote control access and privileged access management, leadership doesn't need to reveal credentials to bank officers and staff members anyone to let them use banking tools and platforms.
- Data Encryption – All of the data is securely encrypted. This can be done either on your phone through the Hideez Authenticator or directly through a Hideez security key.
- Fast and Convenient Use – The passwordless login system allows for instant access, saving users the time they would otherwise spend on typing their credentials on every occasion they want to log in. This saves a lot of time in the long run.
- Electronic identity — Identity proofing is offered for organizations requiring a higher level of identity assurance.
- Centralized Identity Management
- Grant and confiscate Privileged Access
- Assign or reset passwords remotely
- A free mobile app for Android and iOS
- Login to computers using your phone
- Passwordless login with biometrics or one-time QR codes
- Hideez Key 3 or Hideez Key 4
Password management & 2FA
Proximity-based PC lock/unlock
FIDO2 passwordless authentication
RFID electronic door lock
- Connection between the Hideez Server and Hideez Keys
- Add, edit, and delete personal accounts
- Automatic protection from phishing