Irish Bank First in Country to Offer 100% Secure Guarantee

Sensei Post in Identity Theft

Ireland’s online bank, RaboDirect, has become the first bank in the country to offer its customers a security guarantee; customers are guaranteed they will not lose any money in the event of online theft. RaboDirect customers will have a token that generates a one-time use passcode to be used in their two-factor authentication scheme. These tokens are a great step for the constomer’s! While some may complain about a slight inconvenience this measure should completely thwart the efforts of phishing and scam artists! I wonder when the U.S. banks will step up to the plate and start to adopt similar measures to secure their customer’s identity?

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