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OFID MicroDevices , Inc

OFID MicroDevices , Inc. Identity & Access Management Strong Security at Lowest Cost. Daniel Feldman, Co-Founder and VP Inside Sales. Establishing Verified Trusted Sources for Web-based Global eCommerce Solutions. Confidential. OFID MicroDevices, Inc. 2008.

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OFID MicroDevices , Inc

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  1. OFID MicroDevices, Inc Identity & Access Management Strong Security at Lowest Cost Daniel Feldman, Co-Founder and VP Inside Sales Establishing Verified Trusted Sources for Web-based Global eCommerce Solutions Confidential. OFID MicroDevices, Inc. 2008

  2. With data breaches and on-line fraud proliferating, transactional security and data protection have become primary concerns for web-based global ecommerce solutions. Every host wants to have a web portal that is 100% secure. Every individual or enterprise wants to be sure that they are making secure transactions with trusted sources.

  3. One viable approach is to create a 'gated' virtual community of trusted sources, whose identities, location, and credit-worthiness have been independently verified. Diligence done at the time an individual or business applies for membership, periodically thereafter e.g. annually. Continued membership would depend on maintaining a high level of transactional integrity. Members of the community issued a piece of secure hardware that they can only get by applying and being accepted for membership.

  4. To secure the virtual community, its host must have a very strong lock and key system that reliably controls who has access to the site and, thereby, its secure server. Source: IDC Login and Password systems too weak, multi-factor authentication is needed. One viable solution: multi-factor USB authentication tokens. High total cost of all such tokens big barrier to entry. All current multi-factor USB token solutions use software-based security with inherent vulnerabilities exploited by hackers on an on-going business.

  5. OFID MicroDevices has invented a next generation multi-factor USB authentication token that is more secure yet far less expensive in total cost than all existing tokens. Uses company's patented single circuit secure memory architecture, in which the processor drives only one non-erasable memory i.e. has no scratch pad memory. Uniquely employs a hardware-based approach to security that is 100% tamper evident. Does not have the vulnerabilities of tokens with processors that drive two erasable memories. Two form factors: USB dongle, USB smart card Can also be applied in a low cost secure USB memory drive (both form factors).

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