AhnLab AhnLab, the oldest and largest security solution provider in Korea, has established the V3 product lineup as the industry-standard for information protection, as well as other solutions.
E-Fraud, a major threat for e-banking
In today’s fast internet-driven society, most financial institutions offer their customers online services. As financial institutions implement security measures to protect their online users, online criminals continue to advance their technology to circumvent them.
With the fast growth of online fraud such as phishing ,pharming or Trojans attack, internet banking comes with risks. Lack of security has a negative impact on banks internet business and brand image. Fraud and piracy constitute an undeniable threat that can depreciate the value added of such a service and increase consumers reluctance to use e-banking Services.
Many banks still use their PIN (Personal Identification Number)/TAN (TransAction Number) lists, mobile TAN, OTP Tokens or Smart Card in place. But because of increased level of Multi-attacks, users might start to feel unsecure with the solutions in place.
As a consequence, financial institutions are now facing significant business challenges and have to define the most appropriate comprise between :
Security :
- Find the best way to ensure security, strengthen Trust and restrain risks
Convenience :
- Providing easy-to-use and user friendly solutions
Cost :
- Offering improved security with no additional costs for their customers
All about Trust
It is all about Trust. E-Banking, it is vital to ensure a complete framework of Trust: Trust about the exchanged data, the customer’s identity and the rights associated to it.
Customers must Trust their financial institution and must be sure that nobody else will be able to make transactions on their behalf or access sensitive information.
