19 August 2017
Find out more

Silicon Valley Bank licenses Bharosa anti-fraud software

31 July 2006  |  1876 views  |  0 Source: Bharosa

Bharosa, a global provider of active fraud detection and multifactor authentication solutions, today announced that SVB Silicon Valley Bank is successfully utilizing anti-fraud software from Bharosa to power a state-of-the-art security solution for online banking.

This announcement marks the six-month anniversary of SVB Silicon Valley Bank's deployment of the software. The aggressive stance taken by the company to combat fraud shows its ongoing commitment to finding the most novel and visionary ways to protect its clients' interests. The company implemented anti-fraud protections well before such measures became a federal regulatory requirement for banks.

"It is important to our technology-focused clients that we demonstrate our commitment to the most secure, efficient technologies available for their online banking requirements," said David Webb, chief information officer of SVB Financial Group, the parent company of SVB Silicon Valley Bank.

Today, all online client accounts at SVB Silicon Valley Bank are currently protected at login by enhanced security features. These include some of the industry's most advanced capabilities for fraud monitoring, as well as stronger authentication for the login ID and password.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8800 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7748 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7037 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6385 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6241 views comments | 11 tweets | 9 linkedin