Tyfone releases Connected Smart Card solution to handle cyber security, biometric vulnerabilities

Tyfone’s CSC solution combines centralized data with local, device validation to upgrade and simplify the centralized storing of passwords, credit card numbers and other digital ID credentials, optimally ensuring security to keep passwords, payment and biometric ID information out of the hands of cybercriminals.

Tyfone’s CSC solution operates similar to traditional plastic smart card systems already in widespread use, but has a smaller physical footprint and is able to connect to any mobile device, tablet or computer. Tyfone’s CSC hardware works with all existing software, smart card applets, password schemes and digital certificates.

Cyber security is a critical and growing concern for governments and financial institutions as access to sensitive information and financial transactions are increasingly done via mobile devices and websites, which use password protection. Of particular concern is the security of these passwords, which are stored centrally and increasingly in the cloud making these databases vulnerable and tempting targets for hackers. According to Deloitte, one of the top auditing and consulting companies worldwide, 90 percent of centrally stored passwords are currently vulnerable. Additionally, according to Wired Magazine, more than 280 million stored passwords have been compromised over the past 18 months.