RSA SecurID Authentication To Protect Indiabulls Securities' Platforms
Online and Mobile trading platforms to be secured using two-factor authentication.
RSA, The Security Division of EMC, has announced that Indiabulls Securities Limited, a capital markets company with pan-India presence, has decided to renew its partnership with RSA for RSA SecurID tokens. Indiabulls Securities, in conjunction with RSA, launched two factor authentication for online and mobile trading platform two years ago.
According to the agreement, RSA will provide Indiabulls Securities with about 5 lakh RSA SecurID tokens, making Indiabulls securities as the largest user of this product in India. RSA SecurID tokens are designed to generate a unique six-digit one-time password that changes every 30 seconds thus protecting the user's credentials by adding an additional layer of authentication.
"RSA SecurID two-factor authentication is based on a password or PIN and an authenticator providing a more reliable level of user authentication than reusable passwords. I am glad that Indiabulls Securities decided to go with RSA and am confident that the technology will help bolster Indiabulls' existing password protection and offer great value to its clients," said Kartik Shahani, Country Manager, RSA– India and SAARC.
"Indiabulls Securities has always placed highest priority on the security of customer information and assets. Indiabulls Securities has close to 7 lakh clients who trade online on an active basis. Introduction of an additional layer of security is well received by our client base as our online clients are very aware of the pitfalls of online transactions and demands additional protection to safeguard user credentials. Also, the launch of mobile trading will further accelerate this trend. We expect that RSA SecurID authentication will further help enhance our image of a technology leader in the financial services space," said Divyesh Shah, CEO, Indiabulls Securities.
Justtrade.in was launched in January this year and the two-factor authentication provided through the RSA SecurID solution is the latest addition to services provided by Bajaj Capital.