IronKey plans to sell the device to banks, which would then deploy it to their customers. The company also has a partnership with RSA. Trusted Access for Banking supports RSA's SecurID two-factor authentication software.
The device itself costs about $250, considerably more than the secure tokens deployed by some banks that assign users a one-time passcode for transactions, which range from $30 to $70. But hackers have been able to intercept those codes using man-in-the-middle attacks, which have made those systems less effective.
Trusted Access for Banking is a "lot more, although as far as the token goes, it's ineffective," Tripier said. He said a few U.S. banks have already committed to deploying Trusted Access for Banking drives.