comdirect and Cronto secure financial transactions with photoTAN

A leading German direct bank defeats Trojans with CrontoSign 

CAMBRIDGE, England--()--Cronto and comdirect bank AG, a leading direct bank in Germany with over 1.7 million customers, have launched photoTAN today, offering a modern, innovative way to protect online trading and banking operations for private investors.

Cronto’s visual transaction signing solution – CrontoSign, known in Germany as photoTAN – is a simple and effective way to mitigate even very sophisticated attacks by Trojan malware, targeting online banking services.

CrontoSign protects against such attacks as it allows the bank to establish a secure optical communication channel with the client. Customers of comdirect can simply “scan” a photoTAN image displayed on bank’s website and verify the details of the payment on a trusted display. They can choose between the photoTAN mobile app or a dedicated photoTAN hardware device.

"Our customers' confidence in online security is very important to us, therefore we are investing in modern technologies. photoTAN offers our customers the real added value – the solution is not only very secure, but at the same time, makes online banking even more convenient," said Sabine Münster, Head of Banking at comdirect.

Igor Drokov, CEO, Cronto, says: “Following the successful rollout of photoTAN by Commerzbank AG earlier this year, Cronto is privileged to collaborate with another strong market leader such as comdirect bank, allowing more German customers to enhance both security and convenience of their financial transactions.”

Visit www.crontosign.com/get to download the CrontoSign demo mobile app.

About comdirect bank AG

comdirect bank AG is part of the comdirect group and comprises the B2C business line. As a leading direct bank and market leader in online securities business for modern investors, comdirect offers brokerage, banking and advice. More than 1.7 million private customers place their trust in comdirect. With around 200 million page impressions a month, www.comdirect.de is one of Germany’s most frequently visited financial websites.

About Cronto Limited

Cronto Limited is a leading provider of secure visual transaction authentication solutions for online banking, based upon the patented CrontoSign Visual Technology, born out of leading edge engineering research undertaken at the University of Cambridge. For more information, visit www.cronto.com.

Contacts

Anni Maxx
Cronto Limited
+44 1223 750001
pr@cronto.com

Release Summary

Cronto and comdirect, a leading direct bank in Germany with over 1.7 million customers, have launched photoTAN today, offering a modern, innovative way to protect online trading and banking operations

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Contacts

Anni Maxx
Cronto Limited
+44 1223 750001
pr@cronto.com