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| Security — Frequently Asked Questions (FAQ) |
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Multifactor Authentication-Frequently Asked Questions
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New Security Feature
Our new security feature works 24/7, just like you. So no matter where you are and no matter what you are doing,
our identity verification service will be protecting your account.
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What Is It?
In order to make your online banking experience as secure as possible, we are introducing a new security feature that
detects any uncharacteristic or unusual behavior involving your account. If anything out of the ordinary is detected, we will
verify your identity.
How Does It Work?
If we detect any unusual or uncharacteristic activity, we will ask you to answer your security questions or receive a phone
call to make sure that it's really you. This will most likely be a very rare occurrence.
Do I Need to Sign Up for the New Security System?
NO. We are rolling out the new security system to all our customers. Expect to be prompted at some point while banking online
to enter additional information. This may include choosing several security questions that only you know the answers to
as well as supplying phone numbers where you can be reached while banking online. Once this occurs, you have added a
layer of protection to your account!
How much will it cost?
There is absolutely no cost associated with the new security system.
Why is my online banking experience changing?
In order to make your online banking experience as secure as possible, we are introducing a new security feature. Most of the time your online banking experience will be the same as it was before, only now you will have an extra layer of security working behind-the-scenes to protect your account. The new security may — very infrequently — prompt you to verify your identify before continuing. This means you can now bank online with a renewed sense of confidence.
What is this new security system?
As our customer, we know how you typically behave: what types of transactions you conduct, when and from where. If we
detect any activity that does not seem like your typical behavior, we will prompt you to further verify your identity-so that we
can ensure it is you and not a fraudster attempting to comprise your account. This will only happen on rare occasions.
Normally you will not be asked for any additional information.
For example, if someone tries to sign in with your user name and password from a computer in a foreign country shortly
after you have logged off from your normal computer at home, we may decide to verify that it is really you trying to access
your account.
When will I be asked for more information?
You will only be prompted to enter additional information when a particular activity or transaction appears to be unusual or uncharacteristic of your typical behavior.
What additional information will I be asked?
If any unusual or uncharacteristic behavior is detected you will be asked to answer several of the security questions you chose.
What is unusual or uncharacteristic behavior?
Uncharacteristic or unusual behavior is anything that appears out-of-the-ordinary compared to how you normally would bank online and where you normally bank online. If the action being requested does not appear to be something you would normally
do, we will ask you for more information to make sure it is really you and not an unauthorized user.
How are you able to detect unusual or uncharacteristic behavior?
The security system takes into account factors such as the type of transactions you ordinarily perform, the computers you typically use to access your accounts, or the typical security settings for your computer. Hundreds of factors, such as these, create a profile that is unique to you that allows us to make decisions about whether the person conducting a given activity and transaction within your account appears to be really you.
Will I be asked for more information all the time now?
No, you will only be asked for more information when unusual or uncharacteristic behavior is detected. This will most likely be
a very rare occurrence.
How do I know it is working?
You only need to complete the set-up process once; afterwards the new security system will work automatically. That means
you are being protected every moment - when you are online and more importantly when you are not. Occasionally you will
see this symbol to remind you that you are being protected.
Is my personal information still safe?
Yes. In fact, your personal information is safer than ever before because we are making sure it is really you and not an unauthorized user trying to access your information.
I check my account frequently, wouldn't I know if something unusual showed up on my account?
It is always a good idea to regularly monitor your account for any unusual activity (like payments you didn't make). This
security service helps prevent those incidences from ever occurring, so when you check your account everything is exactly
how it should be.
I already have anti-virus and a personal firewall. Why do I need this?
We are glad to hear you use antivirus software and a personal firewall. Be sure that you keep both programs up-to-date for the best possible protection against viruses, Trojans, and hackers. This new security feature protects against other kinds of threats such as a stolen user name and password. It works with your other personal security programs as an added layer of security
for your online banking transactions.
Should you have any questions or concerns, please contact your local branch, call 310-412-3280 ext 556 or
e-mail us at onlinebanking@broadwayfederalbank.com.
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