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2 Factor Authentication For Home Banking
By January 1, 2007 all federally insured financial institutions are required to
implement a 2 factor authentication system. The traditional single factor system
using only account number and password for allowing access to personal
information is now considered inadequate. The new law does not require or
specify any one way to do this. Instead it lists many ways that may be used to
accomplish this. We have selected what we believe is the simplest, least
intrusive and secure method. At this point you have a choice as to whether or not you consider the PC you are at is one you want to be a secure PC. If you are using a public PC that you would not want anyone else to be able to access your account from, you would not specify it as a secure device. If you are using a home PC or one at work that you have complete control over you could specify it as a secure device. Un-Secure devices will always require the additional one time password to protect your privacy. Secure devices only require the one time password the first time thereby not burdening you again with the additional steps. Please note that if you ever delete cookies on your computer that it also removes the secure status. The next time you login to Home Banking you will have to go through the registration process again. An additional feature generates a visual cue by applying a one-way cryptographic function to your account/password combination and a series of secret keys. Based on the result of the calculations, a visual cue is selected and displayed on the login screen. The visual cue will be a box with a colored background and a simple word like “Cat” or “Mouse” or “ABC”. Your current account number and password combination will always generate the same visual cue. The only time your cue would change is if you change your password. Spammers and Phishers often create web sites that look very similar to the real website for the purpose of tricking people into divulging personal information that can be used for identity theft or other illegal purposes. Only the Credit Unions genuine web site can generate the proper cue for you. If no cue or an incorrect cue is displayed, it will be obvious that something is very wrong with the site. The Credit Union is committed to providing the highest level of security possible. If you have any questions please call us at 860 547-0027 Ext 201. Home | Home Banking | HHCU Locations | Privacy Policy | Contact Us
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