News and Announcements
TokenOne Selected for a Consortium Project in the US
- Published August 31, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
TokenOne, a Sydney-based cybersecurity firm is now the first Australian company to be selected for a consortium project for the US National Cybersecurity Centre of Excellence.
KEY TAKEAWAYS:
- The Multifactor Authentication (MFA) for e-Commerce project will put transaction security in the spotlight
- The aim is to steer discussion away from passwords and to alternatives such as multifactor authentication
- Callsign, CA Technologies, Rivetz, RSA, Splunk, TokenOne, and Yubico are all collaborators in the project
- TokenOne plans to expand worldwide and says the NCCoE project is a huge milestone
- TokenOne is backed by investors such as Singtel Innov8. Retired FBI assistant director Charles Archer sits on the company’s advisory board
“Consumers, retailers, payment processors, banks, and card issuers are all impacted by fraud. Part of e-commerce fraud reduction includes an increased level of assurance in purchaser or user identity,” comments NCCoE’s Sarah Kinling.
“Retailers recognize that customers could be put off by the complexity that multifactor authentication mechanisms may add to the purchasing checkout and post transaction processes,” Kinling continues.
“Multiple forms of multifactor authenticators, such as FIDO, out-of-band, and one-time-password devices will be considered to provide retailers and their customers a diverse set of implementation options. All products incorporated into the reference design will be standards-based commercially available and open source products,” Kinling explains.
TokenOne’s technology allows businesses, customers and individuals to access services through a unique PIN that is visible to nobody else, including the service that is being accessed. No algorithms are involved.
Company Updates
The Biofilm Breakthrough: How An Australian BioTech Firm Is Tapping Indonesia’s $45,000-a-Kitchen Bottleneck
Australian sustainability and deep-tech firm Altair International Pty Ltd is commercialising plant-based clinical hygiene technology, targeting a prime operational bottleneck in Indonesia’s massive national free meals program. Every few years, an Australian deep-tech company emerges combining proprietary science with a transformational anchor contract, the kind of business that quietly creates an entirely new market category […]
THE TAX CHANGED. NOW THE PRODUCT IS CHANGING TO MATCH.
Changes to the 50% capital gains tax discount are shifting Australian private capital away from growth and into high-yielding wrappers. Fund managers are actively redesigning products across private credit and property to capture the incoming capital rotation
The Algorithm Re-Dosing Cancer Treatment: Inside the University of Melbourne Spin-Out Rewriting a 60-Year-Old Formula
Oncology specialists are still calculating toxic chemotherapy doses using a formula from the era of the Ford Model T, leading to a system where seven out of eight patients are routinely overdosed. University of Melbourne spin-out PredicTx is dismantling this legacy approach, utilizing advanced AI to analyze existing patient CT scans, deliver precision medicine to the bedside, and return a massive 100x financial rerate to hospital networks.
Backed By Leading Investment Groups and Family Offices
