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MK GROUP’S U2F TOKEN DEVICE – FIDO® KEYPASS S1 WAS HONORED AT VIETNAM DIGITAL AWARDS 2019

On the afternoon of September 6th , 2019, Vietnam Digital Awards for the second time in 2019 was taken place at Hanoi Opera House to honor organizations and individuals for their contribution to digital technology transformation to improve the customer experience, and economic development in Vietnam.

Vietnam Digital transfer – Vietnam digital awards is the Award of Vietnam Digital Media Association (VDCA) join force with Award Council, which includes experts, reporters, high-level leaders in the fields of science and technology, information and communication, economics..

At the Vietnam Digital Award 2019, MK Group’s U2F Token security device named FIDO® KeyPass S1 has become one of the 50 typical IT products of Vietnam to be awarded.

To achieve the award, MK Group’s Keypass U2F Token must pass a variety of rigorous evaluation criteria for the features/ functions of products, services, solution, technology, security and product quality; The prominence of products and services compared to similar products on the market; New products and services have potential for application; Human resources, investment level for ICT; Process of management, administration, production and business; Evaluation of the efficiency of the conversion process according to revenue, market share as well as the prestige capacity of the unit, business owner…

FIDO® KeyPass S1 is proud to be the first device of Vietnam to achieve U2F (Universal Second Factor) certificate of the FIDO Alliance Authentication (FIDO Alliance) to allow network users (Internet, LAN, …) to make secure online services that support FIDO U2F without using any other software.

By using a second authentication factor in addition to the username and password, the device helps users remove phishing and prevent man-in-the-middle attacks with simple login steps, press and use. FIDO® KeyPass S1 supports on most operation systems and browsers, users only need a single U2F Token for any of services from Internet banking to Gmail, Facebook, Dropbox….

FIDO® KeyPass S1’s U2F Token has become one of the 50 IT products of Vietnam Digital Award 2019 to help confirm the leading position in security authentication and smart card of MK Group. Furthermore , we can prove our “Made in Vietnam” security authentication solutions which are capable of competing on quality and price with global companies by sophisticated products like Keypass U2F Token.

With the orientation to Smart Digital Security, MK Group is making an effort to improve the quality of security authentication products to supply the market in the near future.

“Financial instant issuance – How to revitalize your card program” workshop

On October 23rd 2018, the workshop namely “Instant card issuance – How to revitalize your card programs” was successfully co-organized by MK Group and Entrust Datacard at Majestic Hotel, Ho Chi Minh City, Vietnam.

Currently, one of the major concerns of various financial institutions is the emergence of new payment methods such as QR code, electronic wallet, online payment methods, etc. This has made a considerable impact on the loyalty of consumers with the payment cards. Although the need for bank cards remains, customers are taking on new payment methods quickly.

Facing this challenge, an important question posed to financial institutions is whether banks’ traditional card issuance practices help them to achieve their goals of “Engaging customers – Driving sales” anymore? Is it the high time for banks to switch to instant card issuance right after the customer’s need for a card arises? This can help to shorten the lead time and cross-sell financial products or actualize the co-branded card program between banks and businesses in just a matter of minutes. In addition, one of the challenges is the lack of practical implementation experiences and the role of suppliers in consulting, system integration, maintenance and technical support activities during the implementation phase.

In response to customer concerns, Entrust Datacard and MK Group team have figured out the key issues that issuers have to face up with. They include the selection of solution provider, compliance with security regulations, budget optimization and related maintenance services (*), in addition to the best practices with the aim of increasing the activation rate of payment cards, building loyalty amongst customers as well as “Revitalizing financial card program”.

At the event, visitors also had chance to experience the demonstration of CardWizard solution – the instant financial issuance software and Datacard® CE875 – the desktop card issuance system in order to have a better understanding about the flexibility, speed, and feasibility of the instant card issuance solution.

With the broaden knowledge and more than 40 years of experience in card issuance field, Entrust Datacard has co-operated with MK Group to provide a comprehensive card issuance solution, which suits different financial institutions, business models and card issuance methods. With the instant card issuance solution, retaining existed customers and attracting potential customers becomes a viable way for financial institutions to build loyalty and drive sustainable development.

(*) Kindly refer “5 questions to consider about financial instant issuance” by Alyssa Arredondo – Marketing Director of Entrust Datacard to have a better understanding about the solution.

NEXT BIOMETRICS AND MK GROUP ANNOUNCE NEW R&D PROGRAM FOR BIOMETRIC SMART CARDS

NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced the company is joining with MK Group to launch an R&D program for biometric smart cards for banking and other applications. The program will integrate NEXT’s large-area fingerprint sensors into MK Group’s next generation smart card products. Vietnam-based MK Group is the leading provider of smart cards and digital security solutions for financial, telecommunication and retail enterprises in Vietnam and one of the largest in South East Asia.

“As the industry moves toward biometric solutions for card-based transactions, companies like MK Group are leading the way toward accelerating this trend,” said Alain Faburel, NEXT chief sales and marketing officer. “We’re very pleased to have our technology considered for MK Group’s future product lineup. This is yet another strong affirmation of the core advantages NEXT is bringing to the smart card segment with our large-area, flexible sensors.”

MK group intends to include biometric solutions in its future products and has selected NEXT’s One Touch Flex CT-150 sensors for use in trials to evaluate contact-based biometric smart card technology. The NEXT One Touch Flex CT-150 is a flexible, large-area sensor designed specifically for biometric smart cards.

“As a leader in smart card technology, incorporating the security and convenience of biometrics in our products is a natural next step forward for MK Group,” said Nguyen Trong Khang, Chairman and CEO, MK Group. “We look forward to working with NEXT Biometrics on this project to share the benefits of advanced fingerprint sensor technology with our customers.”

NEXT technical and sales teams are currently working closely with MK Group on the biometric smart card project, which is expected to begin in the near future. Today’s announcement marks an additional advance in the pace of smart card deployment following recent news from NEXT regarding availability of a biometric smart card reference design that allows for expedited development of smart card products.

About MK Group:
MK Group Joint Stock Company (MK Group) is a Vietnam based company that specializes in wide ranges of digital secure authentication solutions and smart card products. These include: Smart payments; identification and exchange data; digitized identification; transaction and communication; and secure data for identity, transactions and communication. MK Group has 19 years’ experience in serving finance – banking, governments, enterprises, transportation and telecom and ceaselessly invests in order to improve the quality of products and services. The company works closely with customers, partners and other stakeholders to successfully transform their businesses in the fast-changing world of technology.

About NEXT Biometrics:
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.

– Source: www.nextbiometrics.com –

MK Group participated in ASOCIO Smart City Summit 2018

The event organized by the People’s Committee of Hà Nội, the Asian-Oceanian Computing Industry Organization (ASOCIO) and the Việt Nam Software and IT Services (Vinasa).

During the summit, delegates shared visions, strategies and experiences of smart urban building and collect opinions from managers and IT experts on smart urban management, planning and development based on new technologies such as the Internet of Things (IoT), Big Data, Artificial Intelligence and Augmented Reality (AR).

At the conference, MK Group had the booth with the aim of displaying and introducing solutions to help create smart cities in an effective and practical way.

Among solutions proposed by MK Group at the seminar, eTicket solution is of high interest for its especially effective applicability in public transportation, i.e. buses, trains, high-speed rails, automatic/smart parking. As a member of the two largest public transport card standard organizations, the CAPLYPSO standards of Calypso Networks Association and CIRPUSE standards of Open Alliance for Public Transportation (OSPT) Alliance, MK Group solutions can easily integrate electronic ticketing standards developed by various contractors for public transportation systems in Vietnam.

Besides, security authentication solution, card issuance and smartcard applications such as prepaid card payment, event ticket management solutions were also introduced at the conference.

The conference brought together over 600 delegates, who are leaders of central-level offices, Hanoi and other localities keen on building smart cities, associations, organizations and IT-related enterprises, together with nearly 70 foreign delegates from 20 nations and economies around the world.

Ha Noi, Da Nang City, HCM City and Can Tho City will be chosen to be the core of smart city networks in the northern, central, southern and Mekong Delta regions, respectively. Ha Noi is home to nearly eight million people, with an average density of more than 2,279 people per sq.km, even 42,000 people per sq.km in some districts.

The budget for implementing the program was lifted to 3 trillion VNĐ (more than US$127.7 million) from 1.25 trillion VNĐ, creating a foundation for Ha Noi to promote socio-economic development and become a smart city.

KEYPASS U2F TOKEN – THE FIRST VIETNAMESE SECURITY PRODUCT EARNS FIDO U2F CERTIFICATION

Hanoi, Vietnam, August 8th, 2018, the KeyPass U2F Token of MK Group Joint Stock Company has been certified by the FIDO (Fast Identity Online) Alliance as compliant with the FIDO U2F (Universal Second Factor) authentication standard.

MK Group Keypass U2F Token - the first

MK Group Keypass U2F Token – the first Vietnamese Token security product earns FIDO certification

 

To be an official FIDO certified product, the MK Group’s KeyPass U2F Token has passed several tests to ensure compliance and meet FIDO Alliance’s rigorous security guidelines. In addition, MK Group must also commit to product stability, and compliance with the specifications approved by FIDO.

With MK Group’s KeyPass U2F Token, organizations and businesses will be more secure against the behavior of skimming, phishing and unauthorised access.

By diversified sophisticated tricks, online fraudsters create dummy links (i.e. phishing) that confuses users to steal all of the victim’s security data and attack them. This is always one of the problems of many businesses and organizations, especially banks, when cybercriminals often link the website of the bank to to fake website to trick customers into trading, in order to take control of client’s account and credit card information.

Thus, even though organizations guarantee to secure their computer systems in the most secure way, security experts can hardly control whether an employee or client is “accidentally duped” by unmanifest website or email. Once a security hole is formed, the damages that businesses and individuals experience are unmeasurable.

One of the organizations that has neutralized this problem is Google, with deployment of U2F security tokens for more than 85,000 employees. Google employees are required to use this device as a security lock for all computer logon activities. This solution has been successfully recognized by Google in against fraudulent attempts to target businesses for almost 2 years.

MK Group has completed the KeyPass U2F Token product, which is compliant to FIDO Alliance’s U2F standard, with an user-friendly interface for any organization or individual who wants to protect their data, social network or email.

Software installation is not required, users simply just have to register the use of “2-Step Verification” available on all FIDO U2F accepted home pages (Refer to https://www.dongleauth.info). Individual only has 3 steps to execute to implement the solution: login, press on the Token to verify the legitimate website and wait for the automatic login.

In the coming time, the R&D Center of MK Group will complete and apply the biometric sensor on the token to authenticate the user’s fingerprint before conducting authentication for any transaction.

According to Mr. Nguyen Trong Khang, Chairman of MK Group, “There are not many companies in the world able to do this. We are proud that MK Group is the only Vietnamese company that can self-study and provide “Made in Vietnam” security solutions that are globally competitive in quality and price by products like KeyPass U2F Token. With Smart Digital Secuirty orientation, MK Group is working hard to improve our security products and introduce to the market in the near future.”

About FIDO Alliance:
FIDO Alliance was established in 2013, based in California, US. The FIDO Alliance’s specifications and certifications enable a ecosystem of compatibel hardwares, mobiles and biometric applications based on validators that can be used with a variety of applications and websites. With this ecosystem, organizations and service providers can deploy powerful authentication solutions that reduce password dependency and get protected against phishing, skimming, and unauthorised access.

About MK Group:
MK Group was established in 1999 as a regional leader in digital security and smart card authentication solutions. With nearly 20 years of experience and continuous investment to improve quality of products and services, MK Group has successfully implemented and deployed a diversity of products of security authentication solutions and card issuance for governments, finance – banking sectors, businesses, telecommunications and transportation locally and globally.

(*) From Business Insider

USA

MK Americas
2445 NE Division Street,
Suite 200
Bend, OR.97701

SINGAPORE

MK Smart Asia Pacific Pte. Ltd.
100 Tras Street, #16-01
The Amara Corporate Tower
Singapore

VIETNAM

Sales Office in Hanoi
11th - 12th Flr., TTC Tower, Duy Tan Str., Cau Giay Dist., Hanoi, Vietnam
Tel: (84-24) 6266 2703 | (84-24) 6275 0240
Fax: (84-24) 6266 2705 | (84-24) 6275 0239


Sales Office in Ho Chi Minh City
7th Flr., Thien Son Building, No.5 Nguyen Gia Thieu Str., Ward 6, District 3, HCMC
Tel: (84-28) 3930 5023 | Fax: (82-28) 3930 5065

FACTORIES IN VIETNAM:

Hanoi:
Quang Minh IZ, Me Linh
Tel: (84-24) 3813 4646 | Fax: (84-24) 3813 4648

Ho Chi Minh City:
I3-3, N2 Street, Saigon Hi-Tech Park, District 9
Tel: (84-28) 3736 1446 | Fax: (84-28) 3736 1447