ZURICH, June 8, 2010 /PRNewswire/ -- Online banking and data storage experts, DSwiss, have taken secure login on the iPhone to the next level with the launch of their latest technology DoubleSec. The technology enables the first automated two-factor authentication on the iPhone for their leading password and data safe service DataInherit (http://www.datainherit.com).
Security and ease-of-use don't have to be mutually exclusive. With DoubleSec we have developed what we believe to be the simplest method of secure authentication currently available for iPhone users, commented Tobias Christen, CTO at DSwiss.
Usernames and passwords are still the most common way of authenticating users on the Internet. However, to ensure that login details cannot be captured or intercepted, more and more online services are moving towards two-factor authentication. The 1st factor is something known such as a username or password while the 2nd factor is something owned like an iTAN, scratchcard or a mobile phone. In the case of DoubleSec users are provided with a secret token that is stored on their iPhone and is refreshed before each login.
The secret token is made available the first time that a user establishes a secure login to their account at http://www.datainherit.com and is then stored on the iPhone for use in future sessions. Ongoing login requests verify that the user trying to login is in possession of the iPhone linked to their DataInherit account by verifying the token before each login. The technology also blocks anyone trying to dishonestly access an account as they would need the username and password as well as the secret token stored on the user's iPhone.
As well as being incorporated into the DataInherit iPhone app, DoubleSec will also be licensed to third parties such as financial institutions and insurance companies who wish to provide this additional level of security to their own iPhone apps.
DataInherit online safes for private password and document storage are provided by DSwiss Ltd (http://www.dswiss.com), a Swiss bank for information assets. DataInherit offers individuals and companies, protection and intelligent applications for their increasingly important digital assets - passwords, codes, important documents and data. The Company has plans to launch a series of technology innovations over the next three years.
SOURCE: DSwiss AG
CONTACT: Media Contacts: Victoria Tayler, Press Contact,firstname.lastname@example.org, +4179-4301915 ; Dr. Tobias Christen, CTO,email@example.com, +4144-5151111