RSA Designated as the Leader in One-Time Password Market by Frost & Sullivan
RSA, The Security Division of EMC announced that the Frost & Sullivan white paper entitled, An Overview and Competitive Analysis for the One Time Password Market1, designates RSA as the sole market leader in one-time password (OTP) technology for strong authentication based upon the highest ability to execute and deep market penetration. Frost & Sullivan forecasts the global OTP market will reach $690.4 million in 2015.
According to Frost & Sullivan, “Authentication remains a priority for RSA, where it maintains leadership in OTP and risk-based authentication. RSA continues to expand and innovate the RSA SecurID OTP portfolio to include mobile software tokens, SMS authentication, hybrid authenticators and virtual credentials as well as biometric and USB Flash solutions, allowing organizations to choose the solution that best meets their user, risk and security requirements.”
The white paper also noted, “RSA continues to invest in the RSA Authentication Manager server for robust administration, credential lifecycle management and end user self-service as tools for organizations to manage support costs. The combination of RSA SecurID, risk-based and knowledge-based authentication provides companies with the tools they need to create the most appropriate layered solution for their organization.”
“The RSA SecurID two-factor authentication system is used by over 40,000,000 people and is supported by thousands of technology and channel partners worldwide. As a result, RSA is well positioned to continue leading the way in helping organizations protect identities, infrastructures and information against outside attacks,” said Tom Corn, Vice President of Product Marketing at RSA. “We are achieving this by providing a broad choice of innovative strong authentication methods that allow our customers to determine the proper balance of risk, cost and user convenience to best meet their unique needs.”
According to Frost & Sullivan, as attackers become more daring and manipulative, information systems that rely on static passwords for security are a major risk factor and are often the key reason that those systems are breached, leaving the organization and its end users open to identity and financial fraud attempts. Thieves target personal information such as static passwords and social security numbers held in organization servers, personal email and accounts to deny, steal, and/or alter proprietary or private information. As the potential financial gain from these thefts continues to increase, the more criminals are focusing on these areas.
An executive summary of the Frost & Sullivan white paper An Overview and Competitive Analysis for the One Time Password Market is available on the http://www.rsa.com/node.aspx?id=1156 under Related Materials.