Case Study

Sony Bank Secures Online Banking Services And Transactions

Sony Bank Secures Online Banking Services And Transactions

Pages 2 Pages

CASE STUDY EXECUTIVE SUMMARY SHARE THIS ? ? ? ? ? SONY BANK SECURES ONLINE BANKING SERVICES AND TRANSACTIONS When Sony Bank launched its MONEYKit internet banking service in 2001, customers used knowledge- based authentication (static password) to log in. However, as phishing fraud gets more sophisticated and complex, static passwords became inadequate. To enhance security, Sony Bank chose OneSpan’s Digipass ® tokens and Authentication Server Framework. Outstanding Features, Security, Scalability Thanks to the introduction of OneSpan’s one-time password (OTP) technology, Sony Bank’s customers authenticate themselves with a hardware Digipass token, preventing the risk of fraud by stolen static passwords. Mr. Yoshitaka Okawa, Senior Manager, Systems Planning Department, le

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