The regions online banking group
It would seem that not a day passes by without the media once again stirring up public fears and concerns by broadcasting yet another scandal/controversy regarding the perils of the internet and more in particular, the inherent threat that it poses to online businesses, ecommerce and the bank details of consumers.
From hackers who can remotely install software programs called keyloggers which then steal the password and login details of their victims onto any computer system in the world, from phishing emails that pretend to be from a legitimate source such as a bank and then steal your details….the internet is a pretty intimidating place to enter your bank details into.
Worse yet, there has been a significant increase in the amount of data hijacking, whereby information that is being transmitted across a network can be effectively intercepted and eavesdropped upon by unauthorized users.
With such problems in mind then, the online banking community has been criticised by virtue of the fact that it has failed to provide or implement any sort of meaningful security system. After all, it would seem that the hackers and online thieves are forever one step ahead of the banks.
Thankfully, the regions online banking group has actively sought to reduce and alleviate the concerns that their customers may have concerning the safety and safeguarding of their personal, financial information and the online banking by regions has introduced radical, cutting edge new technology to this effect.
Specifically, the regions online banking has implemented what it refers to as the “Intelligent Authentication System”. Here, in addition to the conventional security features that one would expect from an online banking website such as password protected accounts, the actual login attempt made by a person will be recorded and monitored.
The manner in which the Intelligent Authentication System operates is quite ingenious: it will collate a number of different patterns concerning the usage and habits of a particular account holder. Therefore, in the event that their login details have been stolen or compromised in some way, this means that any discrepancies or anomalies in the account activity will raise a red flag with the regions online banking support staff department that will then intervene.
In the event that an alert is raised by virtue of the Intelligent Authentication System, then the online banking by regions system will ask the person who has logged in for the correct answer to their security question. Given the fact that the security question is kept a closely guarded and monitored secret, this means that the chances of a thief having access and knowledge to both the login details and the correct answer to the security question are fairly remote indeed.
The regions online banking also operates another innovative security mechanism to prevent unauthorized access to the accounts of their customers: in the event that the computer which has been used to login into an online banking by regions account is idle for a period of more than ten minutes, the session will expire. This means that the user will need to login again.