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Globalscape® Teams with SMS PASSCODE® to Enhance Customer SecuritySAN ANTONIO --(Business Wire)-- GlobalSCAPE, Inc. (NYSE MKT: GSB), the secure information exchange company, announced today that it has formed a strategic technology alliance with SMS PASSCODE®, a technology leader in adaptive multi-factor authentication. SMS PASSCODE's multi-factor authentication platform now integrates with Globalscape's secure managed file transfer solution, Enhanced File TransferTM (EFTTM). The importance of stepping up user authentication A username and password are no longer enough to authenticate the identity of employees accessing corporate networks and data. Research indicates that weak or stolen user credentials are the preferred weapons used by cybercriminals, and are behind approximately 76 percent of all network intrusions. Traditional two-factor authentication requires something the user knows (usually a password) and something the user has (like a token, fingerprint or mobile phone). In the past, companies distributed hardware tokens to their employees to help validate their identity when logging in; however, over time, these types of solutions have proved cumbersome and expensive for IT to manage effectively, while offering little convenience for end-users. SMS PASSCODE offers a balance between strong security and high user convenience, with features that include:
How SMS PASSCODE works with EFT Globalscape EFT includes multi-factor authentication through the SMS PASSCODE platform. On a local or LDAP-authenticated site, the administrator can configure EFT to connect to SMS PASSCODE to deliver a one-time use passcode via text message (SMS), a voice call, through email, or via an app to the user's mobile phone as part of the login process for HTTP, HTTPS or SFTP transfers. Codes are generated in real time when the user enters a correct username and password, and the codes are locked to the session ID of the device used to log in from for added security. Following the successful entry of the SMS code, the user has full access to their files and folders. ny user account that is configured to use SMS authentication must supply the correct user name, password and unique one-time passcode delivered to their mobile phone in order to log in. SUPPORTING QUOTES:
Chandana Gopal, research manager at IDC (News - Alert)
Greg Hoffer, senior director of engineering at Globalscape
Torben Andersen, chief commercial officer at SMS PASSCODE About Globalscape San Antonio, Texas-based GlobalSCAPE, Inc. (NYSE MKT: GSB) ensures the reliability of mission-critical operations by securing sensitive data and intellectual property. Globalscape's suite of solutions features the EFT platform, the industry-leading enterprise file transfer solution that delivers military-grade security and a customizable platform for achieving best-in-class control and visibility of data in motion or at rest, across multiple locations. Founded in 1996, Globalscape is a leading enterprise solution provider of secure information exchange software and services to thousands of customers, including global enterprises, governments, and small businesses. For more information, visit www.globalscape.com or follow the blog and Twitter updates. About SMS PASSCODE SMS PASSCODE is the technology leader of adaptive multi-factor authentication software, improving enterprise security and productivity by delivering an easy to use and intelligent solution that helps ensure the safety of corporate networks and applications. SMS PASSCODE authenticates users through their mobile devices, helping IT managers address evolving business needs with cloud applications and mobile security by dynamically authenticating users based on geo-location and login behavior patterns. The solution secures remote log-on systems including Microsoft (News - Alert), Citrix, Cisco and Check Point. Governments, telcos, enterprises and financial institutions in more than 40 countries appreciate its cost-effective, secure and easy-to-maintain offering, making SMS PASSCODE their trusted partner to securely authenticate access to services while preventing identity theft. For more information, visit http://www.smspasscode.com Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "would," "exceed," "should," "anticipates," "believe," "steady," "dramatic," and variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's Annual Report on Form 10-K for the 2013 calendar year, filed with the Securities and Exchange Commission on March 27, 2014.
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