CryptoCard offers free two-factor authentication

In support of National Identity Fraud Prevention Week, CryptoCard is offering firms a free two-factor authentication service for up to 200 users until the end of the year.

The idea is that firms hand in their "passwords" and CryptoCard "upgrade" the passwords to two-factor authentication.

According to Neil Hollister, the firm's CEO, the government estimates that identity fraud is currently costing UK PLC more than a billion pounds a year, although Hollister reckons this is just the tip of the iceberg.

"For example, nearly every week we hear of laptops being lost or stolen, but it is not just the data stored on these devices that we should be concerned about," he explained.

According to Hollister, most laptops provide remote access to a firm's corporate network, with username and password stored for ease of connection, and thereby allowing hackers easy access to a company's entire internal network.

"Many businesses have yet to implement some form of password validation strategy and many hold back because of cost and complexity," he said, adding that he questions the price of stolen identities and the brand damage that ensues?

Against this backdrop, CryptoCard is offering UK businesses an amnesty on their password, and will replace their insecure existing password system with our proven managed two-factor service, CRYPTO-MAS, free of charge, for up to 200 users.