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Ottawa Business Journal - Ontario, Canada, August 26, 2008 -
Digital security technologies maker CRYPTOCard has picked up a new deal to beef up security for an Islamic bank in the United Arab Emirates.
The Ottawa-based developer of two-factor authentication (2FA) technology said Dubai Bank will be using CRYPTOCard's solution to increase security for its corporate account customers.
The bank, which touts itself as a "fully ethical" institution that complies with Shariah law, said it had chosen CRYPTOCard to protect itself and its customers from password and ID theft risks following the update of its website and online channel platforms.
"We are really pleased to be working with Dubai Bank to secure access to their on-line banking systems. It is yet another example of how important the Internet is to trading and how 2FA reduces the risks for both the bank and its customers," stated Jason Hart, CRYPTOCard's senior vice-president for Europe. "Not only does this relationship increase our footprint in the Middle East, but it once again proves that our flexibility and the quality of our product provide the best solution for banks looking for the highest levels of security and best possible total cost of ownership."
The company's solution will be used to secure access to the online services provided to corporate customers of Dubai Bank beginning mid-2008, with more online services to be secured later this year.
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