INTRODUCTION TO MULTIFACTOR AUTHENTICATION
Due to the increase in phishing attacks, Legend Bank has implemented an enhanced online security feature for Internet Banking called Multifactor Authentication. By adding this new feature, you will get added peace of mind that you are at the authentic Legend Bank website and we will be assured that our customers have the best Internet Banking security options.
WHAT IS MULTIFACTOR AUTHENTICATION?
Multifactor Authentication (MFA) is a form of security structured by:
- What you know
- What you have
- Who you are
- What you do
- Where you are
You are using multifactor authentication in your daily life when you use an ATM and access your Internet Banking account. For example:
ATM:
What you have? = ATM Card and What you know? = PIN number.
Internet Banking:
What you know? = Access ID and What you know? = Password. We are adding a step to the Internet Banking identification process: What you have? = Your Computer.
WHY ARE WE USING MULTIFACTOR AUTHENTICATION?
The FDIC is requiring every bank to implement a risk managed system to further protect customer information. With the growing online, telephone and email security issues including Identity Theft and Phishing, incorporating multifactor authentication is imperative!!
HOW DOES IT WORK?
Multifactor Authentication is the security application for all of our Internet Banking accounts. There will be a 'cookie' and small flash object installed on all of your registered computers for personal accounts. These objects will be used to identify your computer as being a known valid computer used to log into your Internet Banking account. When you log into Internet Banking, you will also be able to verify that the site you are on is legitimate and is not a phishing or illegally owned website. For business accounts, you will be issued a token using one-time password generation technology. For more information, please click on either the personal or business links below to view an online brochure with more details.
Please contact Legend Bank with any questions at 940-872-2221 or email us at
callcenter@legend-bank.com.
Personal
Online Brochure
Business
Online Brochure
