BNC National Bank Protects Customers With IronKey Online Banking Security
March 27 2012 - 9:00AM
Marketwired
BNC National Bank, an innovative national bank serving customers in
North Dakota, Arizona, and Minnesota, is improving online security
to help protect customers from cyber thieves targeting online
banking users of ACH and wire transfer services. Industry analyst
firm Gartner estimates that cyber criminals have stolen more than
$3 billion from banks, business and municipalities in the United
States using financial malware. The bank will be proactively
offering IronKey Trusted Access to its commercial cash management
customers, enabling secure access to the BNC online banking site
and protecting clients at the point most vulnerable to malware --
their own PCs.
Trusted Access allows the bank to meet and exceed new Federal
Financial Institutions Examinations Council (FFIEC) guidance with
which all financial institutions must comply in 2012 to reduce
their risk of online banking fraud. All of BNC's ACH and wire
transfer customers will be asked to use the IronKey Trusted Access
software by the bank.
"It is important for us to provide products and services that
not only meet the financial needs of our customers but their
security needs as well. With Trusted Access we know that they are
protected against the latest attacks, even on their own PC," said
Shawn Cleveland, BNC National Bank's chief operating officer.
The Anti-Phishing Working Group (APWG) estimates that 39 percent
of all computers are infected with crimeware designed to steal
personal and account information. According to real-time research
from SpyEye Tracker(1), today's anti-malware software fails to
detect these kinds of threats at least 75 percent of the time. The
FFIEC has found that these attacks compromise "virtually all forms
of authentication." As a result, online account take overs are
growing at a rate of 150 percent each year based upon research
published by the Financial Service Information Sharing and Analyst
Center (FS-ISAC).
Trusted Access combines the use of software and cloud-based
services. The software can either be downloaded or run from a
secure USB device. The Trusted Access Platform provides financial
institutions with multiple layers of security integrated to
dramatically reduce the risk of online banking fraud. Trusted
Access launches a protected, virtualized operating system and Web
browser that will only work with IronKey's Trusted Network, which
when deployed, only allows the end user to access bank-approved
sites from the secure browser. The secure Web browser protects
online banking sessions from both known and unknown crimeware.
Unlike other approaches, Trusted Access assumes a client's computer
is already infected with the latest zero-day attack that would go
undetected by anti-virus and other software technologies. Even if a
computer is infected with malware, IronKey Trusted Access keeps the
online banking session safe, secure and private.
"BNC National Bank is taking proactive measures to protect the
bank's valuable reputation in the community as well as their
customers from a problem that is costing the industry billions of
dollars every year," said Arthur Wong, CEO of IronKey. "With
IronKey Trusted Access, the bank is meeting the new FFIEC
guidelines and providing its customers an effective means to
prevent online banking fraud."
For more information about BNC National Bank and their Trusted
Access offering, visit www.BNCBank.com or call 1-800-262-2265. More
information about IronKey Trusted Access is available online.
About BNCCORP, INC. BNCCORP, INC. (OTCQB:
BNCC), headquartered in Bismarck, N.D., is a registered bank
holding company dedicated to providing banking and wealth
management services to businesses and consumers in its local
markets. The Company operates community banking, mortgage banking
and wealth management businesses in Arizona, Minnesota and North
Dakota. BNC also conducts mortgage banking from locations in
Illinois, Kansas, Missouri and Nebraska. The Company offers
financial products and services to meet the financial needs of its
current customers and potential customers, in the markets it
serves.
About IronKey IronKey's award-winning
Trusted Access helps financial institutions reduce the risk of
online fraud, achieve compliance with Federal Financial
Institutions Examination Council (FFIEC) guidelines, and acquire
new customers with a competitive advantage. More than 70 financial
institutions secure their brands and billions in customer online
payments with IronKey.
Ranked as the 14th best venture-funded company in The Wall
Street Journal's "Next Big Thing," IronKey cloud-based services
power Trusted Access and partner solutions, including Imation
secure storage devices. IronKey is freeing enterprises from the
high cost, risk and complexity of managing the extended enterprise.
IronKey cloud services are used daily by over 3,000 enterprises to
manage online access and data for over one million users. Visit
www.IronKey.com for more information.
Resources Watch Trusted Access in Action:
Crimeware Attacks Defeated guided demonstration. "Protecting Online
Banking Customers from Evolving Cyber Crime Threats" -- webcast
explains the latest bank phishing attacks, the ZeuS Trojan and
SpyEye, and why anti-virus software, firewalls and other
conventional safeguards are not able to stop these attacks.
(1) SpyEye Tracker, January 11, 2012,
https://spyeyetracker.abuse.ch/
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Contact: Deb Montner Montner & Associates 203-226-9290
dmontner@montner.com
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