| Internet
Banking: A Safer Way to Sign On to your Account
The North
Side Bank is committed to protecting your financial
information. Soon we will be enhancing your online security with the
addition of “TWO
FACTOR AUTHENTICATION”.
Two Factor Authentication requires the use of a second
user ID – in addition to your current logon username and
password.
You
may have recently read or heard something about Two
Factor Authentication, because an important deadline is
approaching. Last
October, the Federal Financial Institutions Examination
Council (FFIEC) issued guidance to banks regarding the need to
enhance the level of security required to access their
internet banking applications.
The FFIEC also established a mandatory compliance
deadline of January 1, 2007. The North Side Bank
will comply with this requirement before year end.
How
will this affect your internet use?
Currently, when you sign on to access your account
information, you key in your User ID and a single password
(single factor authentication).
Soon, you will be required to add a second identifier
(two factor authentication).
This second form of authentication will be the correct identification of
a 3-digit number that will change at each sign-on.
Each
time that you logon to Internet Banking, you will be prompted
to provide a new 3-digit number.
This number will be determined by using a unique Matrix
card that will be issued and sent to you via e-mail
soon. The correct numbers are identified by
using the Matrix card
and a different set of coordinates at each sign on.
Therefore, you will want to keep your Matrix
card handy as it will be necessary to refer to, every time
that you plan to logon to Internet Banking.
Also, because your Matrix
card contains a unique set of numbers, we recommend that
you safeguard this information carefully.
Soon
(BEFORE you receive your Matrix
card) you will begin to see the Two Factor box prompt
appear on the sign-on screen.
However, you will not be required to provide the new 3-digit number until you
receive your Matrix card
via e-mail.
We realize
that this enhancement will require you to complete an
additional step in the process.
However, we also recognize our responsibility to
properly safeguard your financial information.
If you have any questions once you review the attached
information – or when you receive your Matrix card via
e-mail, please call Connie
Keel in our Electronic Banking Dept. @ (513)
853-4899.
We
appreciate your business.
Thanks for banking with The North Side Bank & Trust
Company.
What is two-factor authentication?
The definition of a true two-factor security method
requires the use of:
- Something you know, such as a sign-on
ID or password or pin
- Something you have, such as a digital
authentication device, a fingerprint, a swipe cards or a
matrix card
Two factor authentication makes theft of
your identity more difficult by requiring another layer of
proof of your identity. Granted, the added time to input this
is a little more inconvenient, but think of it as a seat belt
for your bank account. In a little while it will be second
nature, creating a great deal more protection for you.
What is a Matrix Card?
- A unique matrix of numbers that is provided to each user
via email that you will keep in a safe but accessible
place
- The values in this matrix are used during the sign-on
process
Once your account has been activated for 2-Factor and you
have received your Matrix via email you will be requested to
enter your user ID, Password and 3 unique 2-Factor values from
your Matrix.
Sample of a B@nkE-Z
Matrix:
| |
A |
B |
C |
D |
E |
F |
G |
H |
| 1 |
2 |
1 |
5 |
8 |
0 |
6 |
3 |
5 |
| 2 |
1 |
8 |
6 |
5 |
0 |
4 |
7 |
5 |
| 3 |
5 |
6 |
9 |
4 |
6 |
2 |
7 |
1 |
| 4 |
8 |
5 |
4 |
5 |
9 |
1 |
4 |
6 |
| 5 |
0 |
0 |
6 |
9 |
3 |
2 |
1 |
2 |
Card Code: 97
A particular value is identified by its column and row
coordinates.
For example, the value at coordinate position B2 is 8,
similar to "Bingo".
Once Two-Factor Authentication has been activated for your
account, you will be prompted to verify your email address
with the following screen: (All customers
must have access to an email account to receive their matrix.)
Factor
Once you have verified your email address, a
Matrix Card will be sent to your email address. From here on,
you will see the familiar sign-on screen with three new boxes
to type in your matrix code.

If at anytime you lose or misplace your matrix you can
request a new one by simply clicking the link on the Sign-On
page. The link "Request a new matrix. Click HERE:"
is located under the "Sign On" button. This will
force you back to the e-mail validation form and send you a
new randomly generated matrix of code values.
|