RICHMOND, Mass. and WASHINGTON, Aug. 8, 2017 /PRNewswire/ -- Rivetz (https://rivetz.com) today announced it has been selected by the National Cybersecurity Center of Excellence (NCCoE), part of the National Institute of Standards and Technology (NIST), to collaborate on its Multifactor Authentication for e-Commerce project. Rivetz will participate in a consortium to contribute expertise to create an example implementation guide that online retailers can implement to reduce fraudulent online purchases. Rivetz's participation in the Retail Sector Use Case Consortium will help to develop practical, interoperable cybersecurity approaches that address the real-world needs of complex Information Technology (IT) systems. By accelerating dissemination and use of these integrated tools and technologies for protecting IT assets, the NCCoE will enhance trust in U.S. IT communications, data, and storage systems; reduce risk for companies and individuals using IT systems; and encourage development of innovative, job-creating cybersecurity products and services.
"As e-commerce fraud becomes an increasing concern, it's more important than ever that we work together to develop examples for implementing multifactor authentication," said Steven Sprague, Founder of Rivetz. "Promoting better security has always been at the root of Rivetz's mission, and we're excited to collaborate with NCCoE and other technology companies to further this goal."
"Collaborating with stakeholders, other technology vendors, and members of the retail community to produce viable reference designs is critical to the NCCoE's mission," said Bill Newhouse, deputy director for the National Initiative for Cybersecurity Education and NCCoE senior security engineer. "Highlighting commercially available technologies that can be integrated to help solve a real-world cybersecurity challenge demonstrates the art of the possible, and this is how we hope to accelerate adoption of secure solutions."
Rivetz recently introduced its RvT cybersecurity token to provide verifiable security controls for cloud authentication, IoT, blockchain, and legacy financial transactions. The RvT token enables multifactor authentication across devices, to achieve provable security at the transaction and authentication level. The Rivetz solution leverages technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions can not be altered or stolen by malware infecting the operating system.
Rivetz is focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device aims to play a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. For more information, visit www.rivetz.com
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NIST does not evaluate commercial products under this Consortium and does not endorse any product or service used. Additional information on this Consortium can be found at http://nccoe.nist.gov/projects/use-cases/multifactor-authentication-ecommerce.
Certain commercial entities, equipment, products, or materials may be identified in order to describe an experimental procedure or concept adequately. Such identification is not intended to imply recommendation or endorsement by NIST or NCCoE, nor is it intended to imply that the entities, equipment, products, or materials are necessarily the best available for the purpose.
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SOURCE Rivetz Corp.