Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NetGuard Service Extended to Business Customers

NetGuard Service to be Extended to Business Customers

Bank of New Zealand announced today a new security measure for Internet business banking customers as an added precaution against online fraud.

Research shows that online fraudsters target customers of financial services more than any other type of business*, says Shona Bishop, general manager marketing, Bank of New Zealand.

“So we are extending our NetGuard service to provide an added layer of security for business customers when banking online.

“The increasing sophistication of online fraud, like phishing scams and other types of e-crime is of concern to us and our customers. We take security matters very seriously and are committed to being a leader and innovator in this area.

“From late February we will offer additional security, known as second factor authentication (2FA), to all our business and personal customers – the only major bank in New Zealand to do so.”

NetGuard for business customers is an electronic token, and works by generating a one-off random code that changes each time customers log on to Internet banking. The Bank is currently undertaking a trial with a small number of customers prior to wider availability in February.

“NetGuard is used at each login, protecting not only personal information from identity theft but also customer funds from the very beginning of the session”, says Ms Bishop.

“NetGuard is like a safe within a safe. Even if a customer’s login details were compromised, fraudsters would not be able to access the account without the NetGuard token assigned to that account. It’s even effective in protecting customer information in high-risk environments such as Internet cafes, where the integrity of the computer can’t be verified.”

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: