With the increasing sophistication of electronic fraud including Man-in-the-Middle and Man-in-the-Browser attacks, financial institutions will have to re-evaluate
their approach to providing Strong Authentication to protect their customers. Recent security incidents have demonstrated that these forms of sophisticated
attack are becoming more common and are no longer viewed as theoretical. Traditional forms of Strong Authentication have been found to be vulnerable to
these forms of attack.

ValidSoft has recognized this for several years and has developed a Strong Authentication and Transaction Verification product suite specifically designed
to counter these latest forms of sophisticated fraud.

ValidSoft has developed VALid® to enable financial institutions combat electronic fraud through Strong Authentication and automated Transaction Verification. The solution enables users of mobile and fixed line phones and other wireless devices to access secure services over electronic channels without having to carry a separate physical security token or having to use a nominated PC.