RSA said its SecurID software is based on a customer’s password or PIN and a random 6-digit number that changes every sixty seconds.
The implementation comes as a report commissioned by the company in May this year found that 80% of respondents felt threatened by online identity theft and fraud.
With the increased reports of phishing, pharming and other fraud techniques, there has been a groundswell of concern over whether personal online information is secure, said Fred Schea, CFO at Stonebridge Bank.
The two banks plan to offer RSA’s two-factor technology to its internet banking customers in an effort to alleviate these fears. They also hope to use the software to enable them to move more transactions to online channels and to create a competitive advantage.
