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StrongKey and NIST's NCCoE Collaborate on Practice Guide for Multi-factor Authentication in E-commerce

StrongKey announced today that it has been working closely with the National Cybersecurity Center of Excellence (NCCoE) at the National Institute of Standards and Technology (NIST) on a project to help retailers and e-commerce merchants reduce the risk of fraud by implementing multifactor authentication for risky transactions. This past year saw a more than 30 percent increase in e-commerce fraud attacks as online and mobile transactions continued to outpace brick-and-mortar stores. As a result, the NCCoE has just released a draft practice guide NIST Special Publication 1800-17, Multifactor Authentication for E-Commerce.

This practice guide demonstrates how commercially available technologies like StrongKey CryptoEngine* can be integrated with existing web and mobile applications to enable strong authentication as well as receive transaction authorization using digital signatures to mitigate the risk of e-commerce fraud. The guide provides detailed instructions on how to accomplish these objectives.