BW-Bank: online banking security for all

BW Bank is the first bank in Germany to replace TAN-lists with one of the world’s leading security practices: strong authentication. All BW Bank customers received a BW-Bank TAN generator, a model from the DIGIPASS family. At the bank’s side, the VACMAN Controller software suite has been implemented to verify all authentication requests.

Meanwhile, all online banking customers use DIGIPASS to access their online banking accounts. And with success: since October 2007, BW Bank has reported just one case of online fraud.

Objective

Replace unsafe TAN lists and secure online transactions by private clients against all types of online fraud.

Challenge

A rollout to more than 200,000 end users required not only technical competence, but above all very easy-to-use and reliable systems as well as a high user acceptance among employees and customers.

Solution

BW-Bank opted for the combination of the VACMAN controller and the DIGIPASS technology of VASCO. Since the introduction of this solution, the bank has recorded just one single case of online fraud.

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