CRYPTOCARD: ONLINE-BANKING IN ARMENIA UNPROTECTED

PanARMENIAN.Net
May 14, 2010 – 12:26 AMT 07:26 GMT

Online-banking in Armenia is unprotected, according to Mike Edwards,
European Sales Director at CRYPTOCard Europe

"The research of the Armenian market carried out by Apaga Technologies
featured usage of security certificate as the only security tool, which
is incapable to identify the individual visiting the website," he said.

CRYPTOCard will offer its services in Armenia in the near
future. "We are hopeful for a feedback from organizations engaged
in online-banking," Mr. Edwards told journalists in Yerevan. "The
priority task of the company is to ensure password security."