This announcement marks the six-month anniversary of the bank’s deployment of the software. SVB says it implemented anti-fraud protections well before such measures became a federal regulatory requirement for banks.
Today, all online client accounts at SVB Silicon Valley Bank are currently protected at login by enhanced security features. These include capabilities for fraud monitoring, as well as stronger authentication for the login ID and password.
Bharosa’s ‘Tracker’ product verifies a host of factors used to confirm a user’s identity, including the user’s computer, location and online behavior. Tracker scores risk through a proprietary gated security method and responds to risk in real time by increasing online security. This is used alongside ‘Authenticator’, which protects sensitive password credentials data from phishing, trojans and proxy-based fraud.
