Union Bank of California Implements Additional Security to Provide Greater Online Customer Protection
March 19 2007 - 1:15PM
Business Wire
Developing online services that not only help clients streamline
banking activities but also provide robust protection, Union Bank
of California, N.A. has implemented a new technology that provides
additional security for its online banking customers by preventing
unauthorized users from accessing account information. By requiring
more than a password, the multi factor authentication requirement
technology serves as a second security layer. Customers will now
use a two step log-in process and be prompted to select and provide
responses to several security questions. They must answer the
questions in the event they attempt to access their accounts from a
computer not recognized by the bank. �Giving our customers
increased peace of mind that their online services are not only
efficient, but also provide them with the best possible protection
from the latest fraud risks in always top of mind when we develop
new on line functionalities,� said Terry Kelly, senior vice
president in e-commerce. As more bank services are made available
through the Web, security surrounding financial information and
associated transactions has become a key focus for regulatory
agencies overseeing financial institutions and a major priority for
Union Bank. Based in San Francisco, UnionBanCal Corporation
(NYSE:UB) is a bank holding company with assets of $52.6 billion at
December 31, 2006. Its primary subsidiary, Union Bank of
California, N.A., had 321 banking offices in California, Oregon and
Washington, and 2 international offices at December 31, 2006. The
company's Web site is located at www.unionbank.com.
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