What is Multifactor Authentication?
Multifactor Authentication provides enhanced and additional security for your online banking application. It is now a standard part of Americana Community Bank’s online banking and works as part of our commitment to protect you against identity theft and fraud. Multifactor Authentication adds extra layers of online security to prevent unauthorized access to your accounts and reinforces the fact that you are at Americana Community Bank’s Internet Banking website. 2. What does Multifactor Authentication involve? Multifactor Authentication consists of the following: an image, a caption and three to six challenge questions. This information is known only to you and the financial institution and protects you, whether you are logging in to view your accounts from your own personal computer or another computer. 3. How does Multifactor Authentication work? Once you enter your user ID on the Internet Banking log-in screen, click the sign-in link. Your image will then be displayed along with the
Multifactor Authentication is an additional layer of security, and can be delivered through various methods. At The Callaway Bank, we have chosen Passmark or VASCO tokens for our business clients. The needs of your business and the services you use through Business Banking OnLine will determine which method you will use.
The Multifactor Authentication solution provides you added safety by helping ensure that only you can access your bank account. You will select an image and caption that is a shared secret between you and the Bank. When you see your secret image and caption you can be confident that you are at the legitimate Bank web site, not an imposter site. Make sure you see your secret image and caption before you enter your password!
Multifactor authentication uses a combination of two or three different ways to authenticate your identity. The first is what you know–usually a password, but can also include your response to a challenge question, known as Knowledge Based Authentication. The second is what you have. This could be a physical device, for example, a smart card with a chip in it or a hardware token that generates one-time-only passwords. Or…
