The Bankwatch

Tracking the consumer evolution of financial services

HSBC investigates ‘out of band’ authentication for Web users

I applaud HSBC and Abbey National for not being lemmings on the European push to chip and pin for online banking.  Its actually not just Europe, with some Canadian examples I am familiar with thinking the same way. 

Finextra: HSBC investigates ‘out of band’ authentication for Web users

HSBC and Abbey have so far opted-out of the national banking industry push to supply online account holders with Chip and PIN-style home banking technology. Such systems are considered vulnerable to man-in-middle attacks and require the consumer to carry a personal card reader at all times.

Written by Colin Henderson

September 7, 2007 at 20:35

One Response

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  1. Hmmmm..

    However in India, HSBC has made it mandatory for all retail internet banking customers to use authentication tokens (from Vasco)

    Shreepad Shukla

    September 12, 2007 at 06:27

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