INTERNET & TELEPHONE BANKING SECURITY

When researching banking customers' requirements, we learned that the foremost issue facing Internet & Telephone banking applications is the overall security. Customers have to be sure that their sensitive financial information will remain confidential, and that they will not be the victims of fraudulent activity. Banks risk serious losses and immense damage to corporate images in the event of a security breach.

Another issue that must be addressed is the ease of integration with existing banking applications, the ability to scale as a bank's customer base increases and the option to tailor the software to each bank's individual needs. Last but not least a critical requirement was to provide and/or work within the bank's information security environment.

To meet these needs, we developed SmarTek Secure Internet & Telephone Banking Suite to deliver the flexibility and functionality needed for today's demanding retail and corporate banking industry. Integrated with the solutions of industry-leading vendors like Vasco and Gemplus, SmarTek brings the required security features to Internet & Telephone banking applications.

Banks Need Strong Data Security for its IT Infrastructures
The online exchange of funds and finance-related information faces the same security exposure as exchanging hard currency. As such, companies involved with online money transactions require extensive security measures to safeguard their electronic information infrastructures. Without these security assurances in place, possible breaches could take place, leading to theft or the disclosure of private information.

Most of the banks have already ensured the security of their Internet Banking Applications utilizing and applying solid IT security principles. But to safeguard access to e-banking applications or to safeguard the execution of transactions, most of the responsibilities are left to the bank's customers. This in fact is the weakest link in the overall security infrastructure. Taking into account, use of static passwords for access and transaction approvals, the e-banking users become the target for attacks of identity theft. The solution to this problem is to implement a two-factor authentication by using any means of the following:

• Cryptographic Smartcards or tokens with PKI
• One-time-password tokens

SmarTek presents the optimum solution, for banks requiring a comprehensive strong authentication and authentication management solution supporting multiple authentication methods on multiple platforms and systems, delivering ease of implementation, and seamless integration with existing e-banking infrastructure. The complex tasks of maintaining and managing identity credentials and diverse array of customer authentication devices and methods are achieved with SmarTek Life Cycle Management Solution. This translates into a clear ROI, enormous savings in terms of cost, time and effort in the deployment and support of a multi application authentication solution.

Combined with the vast experience of solution partners like Vasco and Gemplus that are providing secure and robust solutions to the global banking and finance industry, SmarTek is capable of supporting any banking services like Internet Banking, Phone Banking, Digital TV Banking, Mobile (SMS) Banking and enjoyed to expand its customer base among some reputable Turkish and international banks.