Wells Fargo Enhances Online Security
This is interersting, for a number of reasons.
Without reviewing the "enhancements" Wells Fargo has made, it is hard to say how effective they will be.
Having said that, however, one would be curious to know how their determination of where & how users log in from (e.g. home, work, on the road) might also become a stumbling block which could erroneously lock legitimate users out of their ability to do routine online banking functions.
Via The Silicon Valley/San Jose Business Journal.
Wells Fargo & Co. said Monday that it upgraded its online security features to fight fraud.More here.
The San Francisco bank is conducting real-time risk analysis that determines whether customers are signing on from their usual locations or whether someone is trying to fraudulently log on from a different PC or place.
Another risk management system has been put in place to detect fraud by analyzing transaction and session behavior.
posted by Fergie @ 8/28/2006 02:16:00 PM
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