New Internet Banking Security Method

Discussion in 'privacy technology' started by Vikorr, Nov 22, 2006.

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  1. Vikorr

    Vikorr Registered Member

    May 1, 2005
    Hi All

    Not entirely sure this is 'new' technology, but thought it would be interesting for those that haven't heard of it.

    My Bank has just offered me (for $20 anyway) an electronic 'Key' (a piece of electronic hardware) for my Internet Banking account. It has a code that changes every 60 seconds, and you must enter both your (Login + normal password) and the current electronic Key code to access your Internet Banking.

    If you lose the Key, you of course have to go through a process to obtain a new one...but for the security it provides - it's worth the 'possible' inconvenience 'if' I lose it. I've ordered one :)

    If you like the idea, I'd be bugging your bank to get something similar.
  2. MikeNash

    MikeNash Security Expert

    Jun 9, 2005
    Sydney, Australia
    We've had a few for the last year for our business account. $5 per month for business users, and our bank made it mandatory for daily Xfers over $5,000

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