- Rise in gamer frustration provokes action from MePIN -
- Survey reveals 34% of online gamers believe their account has been a target for hacking or phishing -
Singapore, London, Helsinki, 24th May 2012: MePIN, a specialist security provider, today announced the expansion of its MePIN multi-factor authentication and user verification service aimed at the gaming industry. The product tackles the growing epidemic of theft and hacking within the online games industry. With the unique MePIN smartphone app or MePIN USB key users can sign-in to services, and protect their online accounts and ‘in game’ currency, with ease. MePIN security effortlessly solves the following online gaming issues:
For the consumer
> No more forgotten passwords, with MePIN users can sign in without any passwords
> Secure gaming accounts, greatly reduced risk of ‘hack and run’ (where someone hacks an account, transfers the ‘in game’ currency then disappears)
> Works on any MePIN enabled online gaming site
For the game operator
> Prevents the loss of customers and revenue due to phishing and hacking
> Stop consumer frustration and support calls for lost passwords
> Cost effective deployment with security as a service
> Become a pain free ‘sign-up’ for increased customer acquisition
MePIN together with a leading social gaming company recently conducted a survey among 1865 gamers in which the following was noted:
> An incredible 34% thought that their online account had been target of hacking or phishing
> 27% had forgotten or lost their login/password details
> 17% had stopped playing because of the lost password
> 50% found the process of retrieving their password either insecure, hard or annoying
Markku Mehtälä, CEO and co-founder of MePIN, said, “The online gaming market is immense and continues to experience huge growth, but security remains a major issue. We recognised this and have developed a product which addresses a number of key areas of concern for game operators; hacking and phishing, and increasing customer care costs when dealing with passwords. MePIN is a simple and secure service that can have an immediate impact on customer loyalty and trust.”
"At Games-Masters.com, we take the security and integrity of our games and players very seriously. As a result, we will deploy MePIN security in the very near future. Simple and easy to use, MePIN solves a number of potential issues and will help us differentiate our games,” said Thorsten Schauer, CEO at Games-Masters.com
MePIN is available as either a smartphone app or a USB key. The app or the key ‘shakes-hands’ with the game operator and a sign in or authorisation is granted. The solution is based on banking grade public key infrastructure. No more remembering numerous passwords and being a target for phishing and password hacking.
MePIN is a service from Meontrust Inc an organisation founded in 2010 to help peoples’ everyday online life by providing a simple and safe way to access their numerous web services. MePIN uses open industry standards, so that consumers and service providers are not tied into one proprietary solution, and uses banking grade Public Key Infrastructure (PKI) at its security core.
MePIN is funded by angel and seed investors from USA, Hong Kong and Finland, and supported by the Finnish Funding Agency for Technology and Innovation.
Further information is available at www.mepin.com.