Mar 17, 2006

TriCipher Launches Version 3.2 of Multi-Factor Authentication Solution

San Mateo, Calif.

TriCipher, Inc., a leading provider of Future Proof Risk Based Authentication Solutions, today announced version 3.2 of its flagship solution, the TriCipher Armored Credential System. With this launch, TriCipher adds easy integration with passive forms of authentication (such as IP Geolocation and device fingerprinting), fraud detection, and support for additional one-time password systems to the comprehensive set of multi-factor credential options it offers. TACS 3.2 is the first authentication system to integrate with fraud detection systems by sharing authentication type and other login information and communicating with them in real time on individual transactions to step up to stronger authentication when needed. In addition, the new TACS Authentication Gateway simplifies deployment of risk-based authentication by pre-integrating TACS APIs and providing easy hooks for passive authentication methods and fraud detection. In separate press releases issued today, TriCipher also announced strategic partnerships with Cydelity and Arxan.

 "We believe the convergence of multi-factor authentication with fraud detection is a big step forward in real-time response," noted Scott Mackelprang, Vice President of Security and Compliance at Digital Insight. "TriCipher is unique in its ability to strengthen our layered security approach, what we call "Deep Defense", while enabling us to help our client financial institutions address the potential security concerns of tomorrow in a more seamless manner.

Enhanced Solution Speed Deployment and Integration

The TACS Authentication Gateway is a web server that pre-integrates TACS APIs, removing the need for integration at the web application, which significantly simplifies the deployment of multi-factor authentication. In addition, it has hooks for a variety of passive authentication methods and fraud detection, freeing the web application from managing the authentication process, and off-loading integration with fraud detection for real-time risk assessments on transactions to TACS.

Additional enhancements to TACS include integration with OATH, Vasco(R) and ActivIdentity(R) one time password systems and a Macintosh(R) version of the TACS ID Tool. By integrating one time password systems (OTPs) with TACS, TriCipher has made one time password systems part of a single authentication architecture, making it easy to migrate users to OTPs as desired, and hiding the complexity of supporting multiple OTP types in your environment.

"We want our product to be as plug and play as possible for our customers, and we want their investment to last," said Andy Cottrell, VP of Research, Development and Operations at TriCipher. "With this new version of TACS, and especially with the Authentication Gateway, we've made it that much easier for organizations to deploy and use multi-factor authentication. Plus, the ability to adjust security in real time and over time without having to rip out the infrastructure delivers future-proof solution that guarantees ROI."

Pricing and Availability

Base pricing for TACS start at $100,000.00, which includes four appliances, management tools, APIs and support for 25,000 users. The TACS Authentication Gateway will be available as a separate component on March 30, 2006, at a starting cost of $15,000.00. The new version of TACS, 3.2, is available immediately.

About TriCipher, Inc.

TriCipher, Inc. provides Future Proof Risk Based Authentication. The TriCipher Armored Credential System(TM) (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible "Authentication Ladder," TriCipher delivers future proof security -- protecting your investment by enabling authentication strength to adjust in response to new threats and regulatory changes without the need to implement a new infrastructure. In addition, TriCipher delivers risk based authentication - preventing online fraud through seamless integration with fraud detection systems, secondary authentication systems and the ability to enforce security software presence checks for malware protection. Founded in 2000, TriCipher is headquartered in San Mateo, California. The company was incubated as NSD Security before launching as a separate entity in 2005 with backing from ArrowPath Venture Capital, Intel Capital, Trident Capital, and Wasatch Venture Partners.