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Gemalto eBanking solution strengthens online security for BBVA Bancomer in Mexico, with excellent convenience

By CIOReview | Tuesday, April 19, 2016

FREMONT, CA: In a major announcement made, BBVA Bancomer, the largest bank in Mexico, is using Ezio Suite provided by Gemalto to secure growing internet banking and mobile banking usage in Mexico. Gemalto is a digital security provider across the world.

The new eBanking solution will help in validating the transactions and provide security against fraud, social engineering and phishing attacks. With this new Ezio Suite, banks will have the ability to implement authentication and transaction-signing solutions tackle the attacks while providing cutting edge experience. "Gemalto's flexible Ezio technology allowed us to quickly expand security features without a major overhaul of our existing infrastructure. We seized the optical functionality to protect against phishing and social engineering scams and within days of deployment, the customer acceptance rate was 100 percent, allowing us to cut fraud on this strategic channel up to 90 percent," said Héctor Carrera, Digital Solutions Director at BBVA Bancomer.

With the new solution, the bank now includes an optical component utilizing WYSWYS strategy (What You See is What You Sign), which gives a third variable to shield against attacks amid new payee enlistment. The arrangement is intended to be anything but difficult to utilize, with clients essentially selecting “mobile QR token” or “optical reading token " choices amid the new payee enrollment process. "Last year, Mexican banks registered nearly three million cases of suspected fraud, representing 3% more security threats than the previous year1," said Rodrigo Serna, President for the Americas at Gemalto.

 The Gemalto Ezio eBanking solution for BBVA Bancomer permits clients to utilize a password and a token, either physical or portable put away in a cell phone or tablet, for solid two-factor authentication (2FA). The arrangement produces a time constrained optical or QR Code that is read optically with the client's token or cell phone to validate the exchange and convey accommodation and trust. "Gemalto's Ezio technology provides the agility banks need to quickly respond to emerging threats like phishing schemes. The adoption rate among BBVA Bancomer customers has reached 100 percent, evidencing world class convenience," added Serna.