M Systems Flash Disk (NASDAQ:FLSH)
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msystems (NASDAQ: FLSH), a leader in smart personal storage, today
announced the launch of mToken, a new USB-based platform that offers
two-factor authentication, smart card-based services, secure storage and
on-device applications for banking. The mToken platform also supports
smart card-based enterprise and consumer applications in a variety of
industries, including insurance, telecom, and healthcare. With the rise
of identity theft, phishing and other online fraud, there is a strong
need to offer portable, user-friendly smart card-enabled platform for
seamless two-factor authentication and security services, such as
digital signature and data encryption.
mToken from msystems is designed with ease of use in mind to enable
consumers to securely authenticate for online services from anywhere,
without the need to carry and install drivers and new software. With
mToken, enterprises and OEMs can offer new, plug-and-play applications
and additional smart card-based services to their customer base.
mToken's smart development tools help organizations to create specific
user scenarios, customized applications and diversified offerings to
meet the requirements of most any industry.
By plugging mToken into any connected computer with a USB slot and
authenticating with a password, the customer gains easy access to
applications, account information and enterprise and retail resources.
Data stored on mToken is always encrypted with its smart card
cryptographic key while additional on-device security layers protect the
user from online identity theft.
“Intended to improve security as a way to
increase the viability of online business, mToken was created with 3 S’s
in mind: security; simplicity; and seamlessness,”
said Daniel Schreiber, vice president of marketing and business
development for msystems' retail and enterprise division. “Based
on msystems’ more than 17 years of flash
expertise, robust intellectual property portfolio and advanced security
technology deployed in millions of smart cards throughout the world,
mToken contains innovative security features, secure storage and
applications within a reliable, simple USB smart drive. As such, it
represents a new way to securely enable online transactions across a
wide range of industries.”
Bank Leumi, a leading Israeli financial group with an international
network of more than 300 branches and offices throughout the world, is
working with msystems to integrate mToken with its online banking
services.
“Bank Leumi continuously seeks advanced
technologies that enhance the quality and security of our customers'
online banking experience. We were very impressed with msystems' new
mToken solution which provides strong security features, as well as
added benefits that will make it easier for our customers to bank online,”
said Mr. Itzhak Malach, Leumi's first executive vice president, head of
operations, information systems and administration. “We
are proud to lead the way in implementing this solution as a part of our
eBanking security infrastructure, and see it as a valuable, secure
platform for developing additional online financial services.”
mToken will be demonstrated during CARTES 2006, in Paris, November 7 to
9, where msystems executives will be on hand in booth #4K 026 to present
the Company’s latest products and
technological achievements. More information about the conference is
available online at www.cartes.com/en/2006/index.htm.
For more information about mToken, please contact msystems at mtoken@m-systems.com
or go to www.m-systems.com/mtoken.
About msystems
msystems has been transforming raw flash material into smarter storage
solutions since 1989. From embedded flash drives deployed in millions of
mobile handsets to U3 USB smart drives designed for leading global
brands, msystems creates, develops, manufactures and markets smart
personal storage solutions for a myriad of applications targeting high
growth markets.
More information is available online at www.msystems.com.
msystems. made smarter.
About Leumi group
Leumi is the oldest and largest banking concern in Israel. The company
was founded in London in 1902. Today it has 234 branches throughout
Israel and 83 international centers, strategically located in 21
different financial centers around the world. The bank has 11,400
employees working around the globe.
The Leumi Group is one of the largest concerns in the Middle East. The
Group has total assets of roughly NIS 273 billion and properties managed
by the Group in 2005 worth NIS 565 billion. In 2005, Group profits rose
by 14.6%, reaching NIS 2.136 billion.
More information is available online at www.leumi.co.il.
All company and product names mentioned may be trademarks or registered
trademarks of their respective holders and are used for identification
purposes only.
This press release includes forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Readers are cautioned
not to place undue reliance on these forward-looking statements, as they
are subject to various risks and uncertainties which may cause actual
results to vary significantly. These risks include, but are not limited
to: the effect of global economic conditions in general and conditions
in msystems’ industry and target markets in
particular, shifts in supply and demand, market acceptance, the impact
of competitive products and pricing, product development,
commercialization and technological difficulties, and capacity and
supply constraints including dependence on flash component suppliers;
changes in msystems’ and its customers’
inventory levels and inventory valuations; timely product and technology
development/upgrades and the ability to manage changes in market
conditions as needed; market acceptance of new products and continuing
product demand; the impact of competitive products and pricing on
msystems’ and its customers’
products and markets; the development, release and sale of new products
by strategic suppliers and customers; the development and growth of
anticipated markets for msystems’ and its
customers’ products; and other risk factors
detailed from time to time in msystems’
filings with the Securities and Exchange Commission. msystems assumes no
obligation to update the information in this press release and disclaims
any obligation to publicly update or revise any such forward-looking
statements to reflect any change in its expectations or in events,
conditions, or circumstances on which any such statements may be based,
or that may affect the likelihood that actual results will differ from
those set forth in the forward-looking statements. Reference to msystems’
website above does not constitute incorporation of any of the
information thereon into this press release.
msystems (NASDAQ: FLSH), a leader in smart personal storage, today
announced the launch of mToken, a new USB-based platform that offers
two-factor authentication, smart card-based services, secure storage
and on-device applications for banking. The mToken platform also
supports smart card-based enterprise and consumer applications in a
variety of industries, including insurance, telecom, and healthcare.
With the rise of identity theft, phishing and other online fraud,
there is a strong need to offer portable, user-friendly smart
card-enabled platform for seamless two-factor authentication and
security services, such as digital signature and data encryption.
mToken from msystems is designed with ease of use in mind to
enable consumers to securely authenticate for online services from
anywhere, without the need to carry and install drivers and new
software. With mToken, enterprises and OEMs can offer new,
plug-and-play applications and additional smart card-based services to
their customer base. mToken's smart development tools help
organizations to create specific user scenarios, customized
applications and diversified offerings to meet the requirements of
most any industry.
By plugging mToken into any connected computer with a USB slot and
authenticating with a password, the customer gains easy access to
applications, account information and enterprise and retail resources.
Data stored on mToken is always encrypted with its smart card
cryptographic key while additional on-device security layers protect
the user from online identity theft.
"Intended to improve security as a way to increase the viability
of online business, mToken was created with 3 S's in mind: security;
simplicity; and seamlessness," said Daniel Schreiber, vice president
of marketing and business development for msystems' retail and
enterprise division. "Based on msystems' more than 17 years of flash
expertise, robust intellectual property portfolio and advanced
security technology deployed in millions of smart cards throughout the
world, mToken contains innovative security features, secure storage
and applications within a reliable, simple USB smart drive. As such,
it represents a new way to securely enable online transactions across
a wide range of industries."
Bank Leumi, a leading Israeli financial group with an
international network of more than 300 branches and offices throughout
the world, is working with msystems to integrate mToken with its
online banking services.
"Bank Leumi continuously seeks advanced technologies that enhance
the quality and security of our customers' online banking experience.
We were very impressed with msystems' new mToken solution which
provides strong security features, as well as added benefits that will
make it easier for our customers to bank online," said Mr. Itzhak
Malach, Leumi's first executive vice president, head of operations,
information systems and administration. "We are proud to lead the way
in implementing this solution as a part of our eBanking security
infrastructure, and see it as a valuable, secure platform for
developing additional online financial services."
mToken will be demonstrated during CARTES 2006, in Paris, November
7 to 9, where msystems executives will be on hand in booth #4K 026 to
present the Company's latest products and technological achievements.
More information about the conference is available online at
www.cartes.com/en/2006/index.htm. For more information about mToken,
please contact msystems at mtoken@m-systems.com or go to
www.m-systems.com/mtoken.
About msystems
msystems has been transforming raw flash material into smarter
storage solutions since 1989. From embedded flash drives deployed in
millions of mobile handsets to U3 USB smart drives designed for
leading global brands, msystems creates, develops, manufactures and
markets smart personal storage solutions for a myriad of applications
targeting high growth markets.
More information is available online at www.msystems.com.
msystems. made smarter.
About Leumi group
Leumi is the oldest and largest banking concern in Israel. The
company was founded in London in 1902. Today it has 234 branches
throughout Israel and 83 international centers, strategically located
in 21 different financial centers around the world. The bank has
11,400 employees working around the globe.
The Leumi Group is one of the largest concerns in the Middle East.
The Group has total assets of roughly NIS 273 billion and properties
managed by the Group in 2005 worth NIS 565 billion. In 2005, Group
profits rose by 14.6%, reaching NIS 2.136 billion.
More information is available online at www.leumi.co.il.
All company and product names mentioned may be trademarks or
registered trademarks of their respective holders and are used for
identification purposes only.
This press release includes forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. Readers are
cautioned not to place undue reliance on these forward-looking
statements, as they are subject to various risks and uncertainties
which may cause actual results to vary significantly. These risks
include, but are not limited to: the effect of global economic
conditions in general and conditions in msystems' industry and target
markets in particular, shifts in supply and demand, market acceptance,
the impact of competitive products and pricing, product development,
commercialization and technological difficulties, and capacity and
supply constraints including dependence on flash component suppliers;
changes in msystems' and its customers' inventory levels and inventory
valuations; timely product and technology development/upgrades and the
ability to manage changes in market conditions as needed; market
acceptance of new products and continuing product demand; the impact
of competitive products and pricing on msystems' and its customers'
products and markets; the development, release and sale of new
products by strategic suppliers and customers; the development and
growth of anticipated markets for msystems' and its customers'
products; and other risk factors detailed from time to time in
msystems' filings with the Securities and Exchange Commission.
msystems assumes no obligation to update the information in this press
release and disclaims any obligation to publicly update or revise any
such forward-looking statements to reflect any change in its
expectations or in events, conditions, or circumstances on which any
such statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in the forward-looking
statements. Reference to msystems' website above does not constitute
incorporation of any of the information thereon into this press
release.