OneSpan has launched an advanced anti-phishing technology to bolster cybersecurity in the banking industry. The company has introduced VISION FX, a transaction security service that incorporates CRONTO transaction signaling and FIDO 2 technologies. Combining these powerful tools ensures secure, passwordless logins while maintaining user-friendliness, thus addressing the rising threats in online banking. The integration of CRONTO technology and FIDO 2 aims to streamline the authentication process, providing a robust yet seamless experience for users. This comes at a time when phishing and account hijacking attacks have become more frequent and sophisticated, posing significant challenges to financial institutions.
In addition to VISION FX, OneSpan has unveiled the DIGIPASS FX7 digital authenticator, designed specifically to prevent account takeovers and social engineering attacks. This sophisticated device aligns with OneSpan’s long-standing commitment to pioneering innovative security solutions. Giovanni Verhaeghe, OneSpan’s Senior Vice President, emphasized the company’s dedication to advancing cybersecurity for over three decades. The announcement underscores a trend towards enhancing digital banking security and user experience. By setting a new standard for online transaction protection, OneSpan aims to provide both security and convenience in the financial services sector. This proactive approach reflects the industry’s shift towards adopting multi-layered, robust cybersecurity measures to combat emerging threats effectively.
Meeting the Growing Cybersecurity Challenges
OneSpan has launched advanced anti-phishing technology to enhance cybersecurity in the banking sector. Their new offering, VISION FX, is a transaction security service featuring CRONTO transaction signaling and FIDO 2 technologies. This combination ensures secure, password-free logins while being user-friendly, tackling the rising threats in online banking. The technology aims to make the authentication process both robust and seamless for users as phishing and account hijacking attacks increase in frequency and sophistication, posing significant challenges to banks.
In addition to VISION FX, OneSpan has introduced the DIGIPASS FX7 digital authenticator, built to prevent account takeovers and social engineering attacks. This device aligns with OneSpan’s long-standing commitment to innovative security. Giovanni Verhaeghe, OneSpan’s Senior Vice President, highlighted the company’s dedication to advancing cybersecurity for over three decades. This announcement signifies a trend towards enhancing digital banking security and user experience. By setting a new standard for online transaction protection, OneSpan aims to offer both security and convenience in financial services. This proactive approach reflects the industry’s shift towards adopting multi-layered security measures to effectively combat emerging threats.
