GOTEBORG, SWEDEN -- (Marketwire) -- 06/25/09 --
New Todos device enables secure digital signatures and documentexchange.
GOTHENBURG, SWEDEN - JUNE 25 2009 - With the recent launch of theTodos Connectable 417 (C417), Todos has taken a big step towards asecure paperless society.
People want to go beyond online shopping. They want the same level ofconvenience for things like filing tax returns and signing contracts.Businesses, banks and governments are already moving in thisdirection. But one thing is missing: trust.
Viruses and spyware infest computers. This puts on-screen digitalsignatures at risk. They could be stolen or repudiated. In addition,there are conflicting standards for secure digital documents andsignatures which reduces interoperability.
Now, the Todos C417 and new technology called XML-Sign-What-You-See(XML-SWYS) solves these problems.
For users, it replicates the experience of signing a paper document.Users can see key details on the Todos C417's large LCD screen beforethey sign. For example, they might see the interest rate andprincipal before signing a loan application. This reassures the user.
The system protects the user against online fraud because the deviceis separate from the PC and the signature requires a smart card and apin number for extra security. The PIN number is never exposed to thecomputer.The use of the XML simplifies document exchange. Todos has marriedthis well-renowned document standard - used in e.g. Microsoft Office- with the ability to sign any document securely. The result is aflexible format that is also highly trustworthy.
The Todos C417 is currently being rolled out by for example a majorScandinavian bank. Besides XML-SWYS, the device can be used be usedto log into bank accounts, pay for online shopping and generateone-time passwords. It features other unique Todos security featuresincluding Secure Domain Separation and Dynamic Signatures.
"The world is moving towards digital signatures and secure paperlesstransactions," says Peter Gullberg, VP Product Strategy at Todos,"and Todos is leading the way. Other security vendors are talkingabout this kind of technology but we're the only one that hasactually deployed it to 1+ million eBanking customers."
Todos Data System AB (Todos) helps banks and other businesses createtrusted, secure relationships with their customers online. Founded in1987, Todos designs, develops, delivers and supports securitysolutions for remote authentication. We have delivered 19m productsto 100+ financial institutions in more than 30 countries. When trustmatters, trust Todos. For more information visit: www.todos.se.
For further information please contact:Peter Gullberg, VP Product StrategyTodos Data System AB+46 31 775 88 00www.todos.se / info@todos.se
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