DBS iBanking - 2FA
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have u all received the token for the 2-factor authentication?
1. What is 2FA?
2FA stands for Second Factor Authentication.
2. Why do I need to have a DBS iB Secure Device to access iBanking? What are the benefits?
The introduction of DBS iB Secure means a second factor authentication is required when iBanking customers access iBanking. This is a stronger means of customer verification as it relies on:
1. information you know (that is your PIN) and
2. information the bank provides to you (that is the randomly generated DBS iB Secure PIN)
Online fraud and mischief is becoming increasingly sophisticated and as it evolves, online security itself has to advance to combat these cyber crimes. With the implementation of 2FA, should your User ID and PIN be compromised for any reason, the "thief" will also need to have the your personal DBS iB Secure device, without which he will be unable to access your iBanking. This makes it more difficult for hackers who manage to obtain a string of customers' User IDs and PINs via phishing or spyware.
3. What is this DBS iB Secure Device?
This is a security device which generates a random PIN that acts as a second level of authentication for you, the user. After registering your DBS iB Secure device with us, you will require the physical device when you subsequently login to iBanking. That is, you will have to login with your User ID, PIN and the randomly generated PIN that is displayed on the DBS iB Secure Device.
As there is no dependency on a third party for this second level of authentication, you will not need to rely on another party's service standard to access iBanking.
4. Will there be any changes to the current iBanking services?
No. This change will affect the way you login to iBanking. The current iBanking services will not be affected. You will still be able to perform bill payments, funds transfers, set up standing instructions etc as per normal.
5. Do I have to pay for the DBS iB Secure Device?
As a commitment to our customers, we will be issuing the first DBS iB Secure Device to our customers with our compliments. The DBS iB Secure Device has a long lifespan and should last up to 5 years before it has to be replaced. As with all other banking collaterals, such as ATM and credit cards, there will be a replacement charge for lost DBS iB Secure devices. In this case, the charge is $20 (subject to GST). -
ya but dunnoe wanna use anot.. like so mah fan. outside ibanking still need to bring dat device along.
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hanor
have to carry it all around if you are accessing IB from outside......
but luckily quite small
i going to use the pink sticker -
the sticker is for one side only right? feels weird oso. i not gonna stick.
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hope the other banks dun come out with this oso
dun want to carry so many tokens around.......
i know this is a way to make sure it's secured.......but oso a hassle.......
4got to bring the token out.......or lost it.......how? -
Other banks will come out sooner or later.
MAS regulations
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hsbc is using it too...
but i didnt receive any device frm dbs.. shld i call em up? -
I hate DBS
I always say
Dammit Banking Service -
I used the black one.Originally posted by FireIce:hanor
have to carry it all around if you are accessing IB from outside......
but luckily quite small
i going to use the pink sticker
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ADVANCED PHISHING: GETTING YOU TO TELL HACKERS YOUR PIN FROM UR DEV ICE!!!
To: YOUREMAIL@_____.COM
Subject: Problems with ur iB Secure Device.
Dear Valued Customer,
We had found that your iB Secure Device, had generated PIN numbers that are suspicious, as one of your usage of iBanking, which result in a minus / minus situation that your code does not match ours. We are surprised that you are able to log in, which we suspected that your iBanking Secure Device, had been infested witht the lastest wireless hacking software, would u now, type the PIN at the link located below and we will try our best to log in and secure your account.(and we will transfer all your money to our account)
Https://www.ibank.com.sg
This is a sample of a phishing scam sent out, if you ever receive this, never ever go and type it in the link!!! the link had the https, just to trap u to believe it is a secure network setup by your bank.Byright, your bank should not email u i tink. Call your bank to verify that this is a true email, and then comfirm that it is safe for u to enter your PIN.
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt127.htm
maybe sgforums whould create iBAN Banning Device for FireIce so she can ban anyone from that device..hahaha [/u] -
Ya...received it yesterday.Originally posted by FireIce:have u all received the token for the 2-factor authentication? 
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read the post above u, and put the ID in the link!!!Originally posted by Xcert:Ya...received it yesterday. , i wan all your money -
i haven register leh. if i refuse to leh? wad will happen?
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u will be tricked by ppl like me who sent phishing mail(above threads got sample). then u will have a higher chance of losing ur moneyOriginally posted by Ito_^:i haven register leh. if i refuse to leh? wad will happen? -
-_-" no i wun.Originally posted by MyPillowTalks:u will be tricked by ppl like me who sent phishing mail(above threads got sample). then u will have a higher chance of losing ur money -
HSBC have liao. but DBS i did not received. Need to register meh?
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didnt bother to sign up iB for my DBS acct. UOB one works fine.
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me have posb and uob
but uob no send any notice abt this yet. -
knn.....jus got the letter from UOB abt their 2FA oso
the token will be out end Dec
and looks ugly leh
it will be opt-in instead, for ppl who travel and ibank overseas
locals can use SMS-OTP -
phaw...the local company who supplies the tokens must be thanking MAS for passing such a rule. Fat ang baos n big christmas presents n 'thank you' card on the way...
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RSA or Secure Computing bah
shd be tender project.......so they dun relli earn much if toking about hardware supply only -
already started using for about 2 months le..
a bit inconvenient la.. coz if i dun have it, i cannot do internet banking.
i used the pink sticker also.
i have a small zip bag that carries all my internet banking stuff.
dun feel safe to do internet banking outside home leh. -
economic of scales...sure earn one...
RSA too ex most banks wun choose it though they are the pioneers in 2 factor authentications -
OEM from china
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for uob, dun need to carry that device rite? can use mobile phone to receive sms rite? even at oversea as long as the hp is roaming rite?
for dbs, must have that device? can't be like UOB to have SMS-OTP option?