Sunday, October 19, 2008

Security need for fincanical institutions

Your online security has always been concern for banks. That’s why a new feature for Online Banking, Enhanced Security, is so important. The new security service is free, easy, and most importantly gives you extra protection from fraud and identity theft.

Enhanced Security is a superior security technology that protects your accounts from unauthorized access. It identifies you as the true “owner” of your accounts by recognizing not only your password but your computer as well. If we don’t recognize your computer – you’ve logged in from a public computer or one you haven’t used before– we’ll ask you to answer your Challenge Questions as an additional line of defense to prevent unauthorized access. With Enhanced Security, you’ll be protected from whatever computer you’re using, whether you’re at home or on the go.

Enhanced security is designed to: Defend against identity theft and fraud. Provide security from any computer, wherever you are. Make it easy for you to bank online anytime, anywhere. To protect all of our members’ accounts, Enhanced Security will be required on all Online Banking accounts starting December 6, 2006. Enhanced Security meets requirements outlined by the FFIEC, a federal governing agency for financial institutions. The agency has mandated that all financial institutions have additional security in place as soona as possible. The security changes are for the benefit of members by ensuring that their confidential account data is protected from would be hackers.

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