Wing Lung Bank Enhances E-banking Security With Thales Two-factor Authentication
Thales has announced that Wing Lung Bank has deployed its SafeSign to enable token-based two-factor authentication for its retail e-banking customers. As one of the first local banks in Hong Kong to deploy token-based two-factor authentication, Wing Lung Bank now meets the Hong Kong Monetary Authority directive that states that single-factor authentication for high-risk transactions is no longer adequate in the face of rising online security threats. Based on the SafeSign architecture and Vasco hand-held tokens, Thales worked with the bank to design and implement the two-factor authentication system within six months.
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