Nordea to roll out Todos card readers to e-banking customers

Nordea to roll out Todos card readers to e-banking customers

Nordea has contracted with Swedish security vendor Todos Data System for the supply of over a million portable smart card readers which will be rolled out to its Internet banking customers.

The Scandinavian bank will begin distributing the remote authentication tools to customers in Sweden in September.

Per Skygebjerg, EVP, Todos, says Nordea has ordered the vendor's mid-range readers.

The devices generate one time passwords that can be used for accessing online banking accounts as well as for verifying online payments. Bank customers can connect the reader to a PC or use it as a wireless device.

Earlier this year fraudsters stole more than SKr8 million from about 250 Nordea bank accounts after unleashing a trojan programme designed to steal account details and passwords.

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