IronKey has extended the reach of its corporate banking security platform with the release of a downloadable software client that creates secure banking sessions by insulating the connection between the client device and the banking site.
The new Trusted Access system is based on IronKey's secure banking USB key which launches a virtual machine that separates the banking site connection from any malware on the end-user system.
Kevin Bocek, IronKey's director of product marketing, told V3 that the platform has been launched in response to a rise in locally installed malware toolkits such as ZeuS and SpyEye.
Bocek explained that the new malware variants can intercept traffic at the user end to steal account credentials and hijack existing sessions, making detection by banks extremely difficult.
"By taking over the customer session a criminal can look just like the customer. It can be coming from their computer at the same time as a customer typically conducts banking," he said.
"It is harder to detect and they are already circumventing the type of security that is in place."
Rather than replacing the portable key, IronKey sees the software tool as complementing and extending the hardware key.
The USB key will continue to be marketed to high-risk clients, such as automated clearing houses and companies performing large numbers of wire transactions.
The software platform, meanwhile, is aimed at smaller, less active accounts and used in combination with the hardware tool for retail customers.
"Banks will now be able to offer a portable device and a version which can be downloaded," Bocek said.
"Whether it runs on a portable device or software only, it prevents credentials from being keylogged and it prevents malware from embedding code or hijacking sessions."
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