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News : First Authentication Services Limited Brings Entersekt's Two-factor Authentication to Nigeria
Abuja, Nigeria, July 28, 2016 -- Entersekt, a provider in mobile-enabled digital banking security, has entered into an alliance with First Authentication Services Limited (FASL) to make Transakt available in Nigeria.
Transakt is a patented two-factor authentication and app security product that provides full protection from phishing and other attacks targeting the online, mobile and card-not-present channels.
"Transakt is the ideal two-factor authentication solution for Nigerian banks," said Vincent Ezeora, FASL's Business Development Lead. "The Nigeria Deposit Insurance Corporation (NDIC) recently stated that banks lost N18 billion to fraud in 2015. This underscores how poorly current solutions, mainly based on one-time passwords, are serving the country's financial institutions."
Posted by Veronica Silva Cusi, news correspondent
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Published: Friday, July 29, 2016