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Myriad Group AG Langerstrasse 14 8600 Dubendorf, Switzerland http://www.myriadgroup.com
Contact Mr Andrés Luther +41 43 344 42 42
Company logo of Myriad Group AG
Myriad Group AG

Mobile Technology Specialist Pioneering Out-of-Band Authentication to combat Mobile Identity Fraud

(PresseBox) (Zurich, Switzerland, )
Myriad Group AG (SIX Swiss Exchange: MYRN), in the wake of recent reports of Mobile Identity fraud costing the European economy millions, is pioneering out-of-band authentication services to validate online transactions and help counter the growing threat of Mobile Identity fraud.

Recent cases of mobile identity theft in Europe have seen customers lose substantial amounts of money; most notably in Germany[1], where individual customers have lost hundreds of thousands of Euros to these fraudsters. Criminals are exploiting a security vulnerability which exists within global telecom networks that allows the interception of SMS communication between a customer and their bank. This
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.