and fully-integrated mobile payments capabilities, today announced BT INS, Inc., (BT INS) an independent global network consulting and security services provider, has completed a rigorous security vulnerability assessment of Tyfone’s mobile financial services application. The audit results resoundingly confirmed the security and integrity of Tyfone’s architecture and mobile applications.

BT INS’s Ethical Hacking Center of Excellence (EHCOE) consultants conducted the comprehensive vulnerability assessment of Tyfone’s platform using documented, proprietary and proven processes and methodologies. The audit objective was to obtain a trusted third-party review and validation of the information and application security levels inherent in Tyfone’s mobile financial services (MFS) platform.

The comprehensive security audit evaluated and tested vulnerabilities in terms of their potential to result in a compromise or unauthorized access of the network, system, application or information.

BT tested to determine the extent to which an attacker can view, alter, or delete information without proper authorization. BT also attempted to circumvent assigned user access rights and gain access to functionality not otherwise authorized for access.

On March 12, 2008 BT INS completed its review and testing of Tyfone’s mobile financial services software platform and confirmed that there are no material risk vulnerabilities.

“As a key component of our ongoing quest to deliver the industry’s most secure and trusted mobile financial services platform, we actively seek out periodic assessments by leading security consultants like BT INS,” said Siva Narendra, Tyfone’s Chief Technology Officer. “The safety and peace-of-mind of our financial institution customers and their mobile banking users is of utmost importance to us, and we are pleased that at completion of the testing BT INS certified the security and integrity of our FFIEC compliant-architecture and mobile applications.”

”We used a robust set of testing tools including various commercial, publicly available, and BT developed proprietary tools in our testing of Tyfone’s architecture and mobile applications. Our stringent testing and review found that Tyfone’s MFS Platform has no material risk vulnerabilities,” said Felicia Wetter, British Telecom’s Managing Principal of Managed Security Services.

About Tyfone
Tyfone provides a mobile financial services infrastructure that includes a comprehensive mobile banking solution, along with contactless mobile payment capabilities and fully integrated security features.

Tyfone’s unique, fully-integrated memory card architecture delivers unprecedented security at the highest level of compliance: National Institute of Standards and Testing (NIST) level 4, ensuring financial institutions and their customers that their mobile transactions are secure.

Tyfone enables device- and carrier-independent mobile services under the issuer’s own brand, setting the stage for customers to define the future of money and mobility.

Information Source:    Business Wire