Tuesday, June 26, 2007

views on online banking

Online banking and financial services continue to grow, resulting in increased revenues and reduced operating costs. As these services have expanded, they have rapidly become the targets of advanced scams and technological assaults. Phishing, originally spread through emails, was more of a trick than a technical hack. Phishing 2.0, illustrated by numerous assaults on major commercial banks, utilizes a complex "Man-in-the-Middle" attack. With the threat of DNS poisoning on the horizon, and the ever advancing hackers and scam artists, online banking and financial services must take an active role in protecting their consumers.


Uniloc netANCHOR fully protects consumers and financial service providers from the full range of cyber crime threats, including Phishing, Man-in-the-Middle attacks, DNS Poisoning, and all other forms of impersonation. Device locking is an extraordinarily secure and robust method for protecting online services.


Utilizing netANCHOR device locked access allows service providers to limit transactions to trusted devices. Knowing with certainty that a transaction is coming from a user's regular computer, whether it is their laptop, home machine or work computer, creates a level of trust unavailable to any other system.


The FFIEC requirements for two factor authentication are easily met with netANCHOR. The Uniloc solution mitigates the risk of Phishing and other scams because the user's actual computer is required. With a device locked solution, hackers not only need to steal a user's information, but they must also steal the user's physical computer. No other solution is as simple and secure as netANCHOR.

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