Golden 1 Deploys Multi-Factor AuthenticationGolden 1 Deploys Multi-Factor Authentication
The Golden 1 Credit Union has implemented Arcot's multi-factor authentication solution to protect its members from online banking fraud
June 25, 2007
SUNNYVALE, Calif. -- Arcot Systems, Inc., the leading provider of multi-factor authentication, risk management and digital signature solutions, today announced that The Golden 1 Credit Union has implemented Arcot’s multi-factor authentication solution to further protect its members from online banking fraud. The Golden 1 Credit Union is California's leading financial cooperative and the sixth largest credit union in the U.S., with $6 billion in assets and more than 600,000 members. It has consistently received a superior rating by IDC Financial Publishing, Inc. and a five-star rating from Bauer Financial Reports, Inc.
The Golden 1 Credit Union is a membership financial cooperative owned by its members. It is committed to safeguarding its members from identity theft and online fraud. With the increase in online threats in the U.S. that target online banking users, The Golden 1 was looking for a strong multi-factor authentication solution that would further reduce the risk of online fraud to its members. The Golden 1 wanted a secure, easy-to-use and innovative technology to fortify its online protection for its members, and to comply with the new NCUA (National Credit Union Administration) guidance on authentication in an Internet banking environment. Also, in keeping with its tradition of deploying future-ready technology, The Golden 1 also wanted to chose a solution that would provide the framework for future customer services like digital signing of documents.
After a rigorous evaluation of multiple authentication vendors, The Golden 1 selected Arcot’s multi-factor authentication solution. Arcot offers authentication risk management, strong authentication and digital signing capabilities completely in software. Arcot’s approach provides unmatched security without changing the users’ sign on experience.
“The Golden 1 selected Arcot’s cost-effective, software-based authentication solution for its strong, multi-layered transactional security. Arcot’s proven technology is able to provide our members with a seamless, user-friendly experience,” stated Lisa Swanson, vice president, e-commerce for The Golden 1.
About the Author(s)
You May Also Like
Reducing Cyber Risk in Enterprise Email Systems: It's Not Just Spam and PhishingNov 01, 2023
SecOps & DevSecOps in the CloudNov 06, 2023
What's In Your Cloud?Nov 30, 2023
Everything You Need to Know About DNS AttacksNov 30, 2023
9 Traits You Need to Succeed as a Cybersecurity Leader
The Ultimate Guide to the CISSP
The Burnout Breach: How employee burnout is emerging as the next frontier in cybersecurity
2022 Insurance Industry Cyber Threat Landscape Report
Building Immunity: The 2021 Healthcare and Pharmaceutical Industry Cyber Threat Landscape Report