ATLANTA--(BUSINESS WIRE)--Entersekt, an innovator in transaction authentication technology, has announced it has received an honorable mention in the 2014 Gartner Magic Quadrant report for User Authentication published December 1, 2014..
Each year, Gartner’s Magic Quadrant provides a qualitative analysis of a large number of technology industries. According to this year’s User Authentication report “while mobile and cloud remain disruptive, buyers continue to give weight to user experience.” Additionally, Gartner predicts that, “by year-end 2017, more than 30% of organizations will use contextual, adaptive techniques for workforce remote access, up from less than 5% today.”
“We feel that our honorable mention for the second consecutive year in Gartner’s Magic Quadrant report is confirmation of our hard work and dedication to enhancing user authentication. It further motivates us to strive for excellence through our unique suite of products and services,” said Christiaan Brand, chief technology officer of Entersekt. “We are extremely pleased to be cited in the 2014 report and are honored to be listed alongside many of today’s most promising forces in digital security.”
We feel that Gartner’s User Authentication category remains one of the more mature markets studied, recognizing multiple vendors with longstanding product offerings. However, new authentication technologies continue to emerge within the market in response to changing market needs. The continually increasing adoption of user authentication across a wide range of use cases, mobile’s growing impact, cloud and big data analytics, and newly-introduced innovations continue to be disruptive.
Entersekt utilizes out-of-band communication and two-factor authentication to provide banks and banking customers with greater protection against a wide range of fraudulent schemes. Leveraging the customer’s mobile phone to enable one-touch approval or rejection of potential transactions, Entersekt removes the need for expensive hardware tokens and cumbersome one-time passwords. At institutions deploying the company’s Transakt product, Entersekt has eliminated online banking fraud.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Entersekt is an innovative pioneer in transaction authentication. The company’s one-of-a-kind approach combines the power of electronic certificate technology (PKI) with the convenience of mobile phones and encrypted cloud messaging to provide financial institutions and their customers with full protection from online banking fraud. With its patented security products authenticating millions of transactions globally, none of Entersekt’s clients have experienced a successful phishing attack on their systems since implementing the company’s technology. Financial institutions worldwide look to Entersekt to strengthen the all-important bond of trust they share with their customers, and to build on those relationships by introducing increasingly innovative mobile and online banking services. For more information on Entersekt, visit www.entersekt.com.