Traditional authentication methods like passwords are vulnerable to data breaches as well as being difficult to remember and manage. But although tokens and physical smart cards provide better protection they're expensive to implement and maintain.
Security company Wave Systems Corp has a new virtual smart card solution that emulates the functionality of physical smart cards or tokens, but offers greater convenience to users, lower total cost of ownership, and a reduced risk of unauthorized use.
"With Wave Virtual Smart Card 2.0, enterprises can avoid many of the headaches of traditional authentication technologies with the same security as using physical smart cards in a PKI (Public Key Infrastructure) environment," says Bill Solms, CEO of Wave. "Virtual smart cards are less expensive to manage, easier and faster to deploy and effectively address the problem of lost or stolen tokens".