Bank of America’s advancement to the Secured Transfer feature builds off of this foundation by introducing the option for more secure, FIDO-based hardware authentication. Previously, SafePass only allowed for one-time code mobile authentication or via SafePass Cards. They have also provided the option for many Bank of America customers to sign-in to their online banking account with a USB security key.īank of America’s SafePass theft protection was originally introduced to provide individual, small business, and brokerage customers with an extra layer of security against unauthorized transactions. Bank of America has announced that they are replacing SafePass with the new Secured Transfer feature, which allows for USB security key registration and transfer authentication with YubiKeys. While there have been many milestones over the last decade, today marks a true ‘security step up’ for online banking account sign-in and bank transfer protection for many Bank of America customers.
In 2016, they championed, alongside Yubico and several others, the launch of the “Lock Down Your Login” public awareness campaign designed to enable every American to better secure their online accounts through the use of strong authentication. Use one security key that combines support for FIDO2, WebAuthn, U2F, and PKI to access both physical spaces and logical resources.They were one of the first major banks to join the FIDO Alliance and be appointed to its board in 2014. Thales multi-factor authentication devices use current and emerging protocols to support multiple applications at the same time. Enjoy a passwordless authentication solution with presence detection, which creates a third factor of authentication: Something you have (physical token), something you know (PIN), something you do (touching token edge). Switching to a Passwordless world – What is passwordless authentication?Īccessing apps or IT systems without using a password or security questions by replacing passwords with FIDO compliant devices introduces a modern passwordless MFA experience that is resistant to phishing attacks and account takeovers, and enables compliance. To reduce risk to your Windows logon, SaaS applications, users with high privilege and users in general, Thales supports FIDO passwordless authentication using multi-factor authentication (MFA) hardware devices. FIDO authentication is the industry's solution to the global password challenge and addresses all of the concerns of traditional authentication. FIDO2 authentication enables users to capitalize on common devices to authenticate quickly and securely to online services in both desktop and mobile environments. FIDO2 is the umbrella term for FIDO Alliance's newest set of specifications.
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