OFID MicroDevices, Inc

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OFID MicroDevices, Inc
Daniel Feldman, Co-Founder and VP Inside Sales
Establishing Verified Trusted Sources for
Web-based Global eCommerce Solutions

• Identity Access Management
• Strong Security at Lowest Cost

Confidential. OFID MicroDevices, Inc. 2008
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With data breaches and on-line fraud
proliferating, transactional security and data
protection have become primary concerns for
web-based global ecommerce solutions.

• Every host wants to have a web portal that is
  100 secure.
• Every individual or enterprise wants to be sure
  that they are making secure transactions with
  trusted sources.

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One viable approach is to create a 'gated'
virtual community of trusted sources, whose
identities, location, and credit-worthiness have
been independently verified.

• Diligence done at the time an individual or
  business applies for membership, periodically
  thereafter e.g. annually.
• Continued membership would depend on maintaining
  a high level of transactional integrity.
• Members of the community issued a piece of secure
  hardware that they can only get by applying and
  being accepted for membership.

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To secure the virtual community, its host must
have a very strong lock and key system that
reliably controls who has access to the site and,
thereby, its secure server.

• Login and Password systems too weak, multi-factor
  authentication is needed.
• One viable solution multi-factor USB
  authentication tokens.
• High total cost of all such tokens big barrier to
  entry.
• All current multi-factor USB token solutions use
  software-based security with
• inherent vulnerabilities exploited by hackers on
  an on-going business.

Source IDC
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OFID MicroDevices has invented a next generation
multi-factor USB authentication token that is
more secure yet far less expensive in total cost
than all existing tokens.

• Uses company's patented single circuit secure
  memory architecture, in which the processor
  drives only one non-erasable memory i.e. has no
  scratch pad memory.
• Uniquely employs a hardware-based approach to
  security that is 100 tamper evident.
• Does not have the vulnerabilities of tokens with
  processors that drive two erasable memories.
• Two form factors USB dongle, USB smart card
• Can also be applied in a low cost secure USB
  memory drive (both form factors).