Bank of America Boosts Online Security with Biometrics

Bank of America Boosts Online Security with Biometrics

Bank of America will start using an additional layer of authentication for online banking.

  • By Sydny Shepard
  • Oct 24, 2017

Bank of America will expand its use of biometrics with Intel hardware-based security technologies following a slew of high-profile data breaches at several big U.S. companies.

The bank says it will plan to implement Intel Online Connect technology into its online banking platform, giving customers added security when they bank online. The security feature is expected to roll out in 2018 and Bank of America will be the first financial services company to offer the technology to its customers.

“As online and mobile banking usage continues to grow, we’re focused on implementing the latest technologies that will give our customers the best possible user experience,” said Michelle Moore, head of Digital Banking at Bank of America. “Biometrics can help us achieve that goal, and we’re excited to work with Intel to bring added convenience to our more than 34 million digital banking customers.”

The financial services industry is among the most vulnerable to cyber crime because of the massive amounts of money and valuable data that banks, brokerages and investment firms process each day. Just last month, credit monitoring service Equifax Inc disclosed that cyber criminals had breached its systems between mid-May and mid-July and stolen the sensitive information of millions of Americans.

Bank of America is ensuring its customers, with the rollout of new security technologies, that they are not next. In addition to the partnership with Intel, the company will be giving customers the ability to use Face ID with the rollout of the iPhone X.

 




About the Author

Sydny Shepard is the Executive Editor of Campus Security & Life Safety.

Featured

  • Security Today Announces 2025 CyberSecured Award Winners

    Security Today is pleased to announce the 2025 CyberSecured Awards winners. Sixteen companies are being recognized this year for their network products and other cybersecurity initiatives that secure our world today. Read Now

  • Empowering and Securing a Mobile Workforce

    What happens when technology lets you work anywhere – but exposes you to security threats everywhere? This is the reality of modern work. No longer tethered to desks, work happens everywhere – in the office, from home, on the road, and in countless locations in between. Read Now

  • TSA Introduces New $45 Fee Option for Travelers Without REAL ID Starting February 1

    The Transportation Security Administration (TSA) announced today that it will refer all passengers who do not present an acceptable form of ID and still want to fly an option to pay a $45 fee to use a modernized alternative identity verification system, TSA Confirm.ID, to establish identity at security checkpoints beginning on February 1, 2026. Read Now

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

Most   Popular

New Products

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.