Bank of America Toughens Web Security

Iria · Jul 14, 2005, 03:24 PM

CHARLOTTE, N.C. Jul 14, 2005 — Bank of America Corp. is rolling out a new security system aimed at thwarting efforts by online crooks to access its customers' accounts. Passwords will no longer be enough.

With SiteKey, bank customers pick three challenge questions things only the customer would know, such as the year and model of the customer's first car and provide them with the traditional password to log on.

Customers can also verify they are indeed at Bank of America's Web site by clicking on a SiteKey button. If they fail to see a secret image and phrase they had chosen earlier, they could be at a fake Web site and the target of a "phishing" scam.

Bank of America is rolling out SiteKey this week in Virginia, Maryland and Washington, D.C., following a launch in Tennessee last month. It should be available nationwide by the fall.

The service will be free.
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Read More / Source: ABC News

Jul 14, 2005, 03:24 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Bank of America Toughens Web Security CHARLOTTE, N.C. Jul 14, 2005 — Bank of America Corp. is rolling out a new security system aimed at thwarting efforts by online crooks to access its customers' accounts. Passwords will no longer be enough. With SiteKey, bank customers pick three challenge questions things only the customer would know, such as the year and model of the customer's first car and provide them with the traditional password to log on. Customers can also verify they are indeed at Bank of America's Web site by clicking on a SiteKey button. If they fail to see a secret image and phrase they had chosen earlier, they could be at a fake Web site and the target of a "phishing" scam. Bank of America is rolling out SiteKey this week in Virginia, Maryland and Washington, D.C., following a launch in Tennessee last month. It should be available nationwide by the fall. The service will be free. __________ Read More / Source: ABC News