Interested? Contact Us
Bank of America beefs up security for online banking
(Reuters) - Bank of America Corp will start using an additional layer of authentication for online banking, the bank said on Monday, amid a wave of high-profile data breaches at several big U.S. companies.
The bank said it would incorporate Intel Corp's Online Connect technology, that enables fingerprint touch payments, in its online banking systems next year. (bit.ly/2yGydeQ)
The financial services industry is among the most vulnerable to cyber crime because of the massive amount of money and valuable data that banks, brokerages and investment firms process each day.
Just last month, credit monitoring firm Equifax Inc disclosed that cyber criminals had breached its systems between mid-May and late-July and stolen the sensitive information of millions of Americans. [nL4N1LO5FJ]
Reporting by Sweta Singh in Bengaluru; Editing by Sai Sachin Ravikumar
Our Standards:The Thomson Reuters Trust Principles.
Stay Informed
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.
