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eMudhra to establish security centers for user authentication

Monday 3 June 2013 00:55 CET | News

eMudhra Consumer Services, a provider of e-enabled financial services for consumers and a licensed Certifying Authority under the information Technology Act of India, has revealed plans to establish three security centers in Bangalore to distribute its TrustFactor online credential directly to consumers, as it looks to address cyber fraud.

According to the company’s CEO Kalaivani Chittaranjan, cited by online media outlet ZD Net, the centers will be located across Bangalore, in the diversely populated suburbs of Koramangala, HSR Layout, and Indira Nagar, before expanding to Mumbai and Chennai.

eMudhra verifies a customers identity with the bank before issuing an encrypted token that can be used to complete bank transactions online. The center ensures digital signature certificates are issued to the correct online banking customer.

The launch of TrustFactor is in alignment with the Reserve Bank of India (RBI) mandate for banks to implement digital signature certificate based authentication for electronic banking.
 


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Keywords: eMudhra, online authentication, online fraud, India
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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