Entrust Inc is selling tiny one-time password (OTP) tokens, called Entrust IdentityGuard, at only $5 each, in a move which could push down prices in the market segment.
OTP tokens generate new pin numbers every 30 to 60 seconds. They are an additional level of security to complement user IDs and passwords for authentication.
Although Entrust IdentityGuard tokens are manufactured using cheaper materials they include the same features and functionality as other OTP tokens.
Entrust entered the market when a number of major patents which protected mass production of token devices expired in 2006, opening the door to cheaper devices.
The new tokens can be integrated into Entrust’s identity card authentication platform called IdentityGuard, as one of the many authentication methods in use with the platform.
Entrust’s tokens are water resistant and come with a one year warranty. They are expected to be available in the second quarter of 2007.