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Todos AB, providers of "security solutions" for Online Banking and eCommerce, is headquartered in Göteborg, has offices in Stockholm (Sweden), China, Taiwan, Germany and Brazil, as well as partners all over the world. In April 2010, Gemalto completed the acquisition of the company's entire equity.
| Company type | [Part of Gemalto E-Banking & E-Commerce / Security Business Unit] |
|---|---|
| Industry | IT-Security Solutions for e-Banking |
| Founded | 1987 |
| Headquarters | Göteborg, Sweden |
| Products | Remote authentication solutions, strong authentication and transaction verification tools for the global banking and finance sector (eBanking, eCommerce, mBanking) |
Number of employees | ~80 in 7 locations (2008) |
| Website | www.todos.se |
Established in 1987, Todos AB (formerly known as TDS Todos Data System AB) focused initially on product solutions[clarification needed], based on smart card technology, primarily for the telecom sector. Attention was turned to two-factor authentication in the early 1990s and since 2001, Todos has been delivering strong authentication to the global banking and finance sector as total solutions providers, supporting clients with everything from design to delivery and logistics.[citation needed]
Todos AB's core offer is the eCode Suite, including the Todos Versatile Authentication Server (VAS), which enables strong authentication and transaction verification.[citation needed] The Versatile Authentication Server supports all leading industry standards[citation needed] and is augmented by patented technology such as Dynamic Signatures. Using their EMV card and a Todos eCode reader, consumers can use their PIN code to securely sign internet banking transactions. An additional layer of security can be provided by displaying transaction details on the reader, so that users “sign what they see”, thwarting in particular “man-in-the-middle” attacks.[citation needed]
In September 2009, Todos delivered its 20th million product and amongst its 100+ clients leading banks such as ABN AMRO, Handelsbanken, Raiffeisen Bank Romania, Nordea, ICA Banken, China Construction Bank stand out.[citation needed]
In 2009 Todos AB was ranked by Deloitte Fast-50 Sweden and Fast-500 EMEA as Sweden's 15th - and EMEA's 201st - fastest growing IT-company, courtesy of an 894% revenue increase between 2004-2008.[citation needed]
Technological History
- In 1991 Todos developed its first SmartCard reading device
- In 1995 Todos released its first secure telephone banking device
- In 2001 Todos launched its security solution eCode
- In 2006 Todos introduced a third factor - "something that the user understands" i.e. context - into multi-factor authentication, increasing act-of-will and end-user awareness
- In 2008 Todos released “Todos Sign-What-You-See 2.0” bringing together PKI and Sign-What-You-See with an open document standard, based on XML (XML-Sign-What-You-See).