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Assurity to provide new level of authentication
GOVERNMENT Technology Agency (GovTech) owned Assurity Trusted Solutions on Tuesday signed an agreement with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap.
Assurity manages the National Authentication Framework (NAF), an initiative to strengthen cyber security through identity and access authentication. V-Key on its part is accredited by the Infocomm Media Development Authority (IMDA),
V-Tap will provide a new level of security for consumers who use commercial online services delivered through Assurity's National Authentication Framework (NAF). This includes securities trading firms, banks and insurance companies. The mobile soft token will be offered in addition to Assurity's hardware and SMS authentication solutions.
Users will have to download the new V-Tap-enabled OneKey mobile app onto their mobile device and enrol with a registration code. This effectively binds their identity to their mobile device after which they can authenticate themselves and authorise transactions by means of the soft token.