April 9, 2016 -
The largest bank in Mexico, BBVA Bancomer, is employing Gemalto’s Ezio Suite to validate transactions, prevent fraud and phishing attacks with quick-to-deploy authentication and transaction signing solutions that defend against attacks and maintain best in class user experience.
According to a company statement, the Gemalto Ezio eBanking solution for BBVA Bancomer (link) allows customers to use a password and a token, either physical or mobile stored in a smartphone or tablet, for strong two-factor authentication (2FA). The bank also has an optical feature leveraging WYSWYS methodology (What You See is What You Sign), which provides a third factor to defend against attacks during new payee registration. The solution is designed to be easy to use: customers simply select “mobile QR token” or “optical reading token” options during the new payee registration process. The solution generates a time-limited optical or QR Code that is read optically with the user’s token or mobile device to authenticate the transaction and deliver convenience and trust.
“Gemalto’s flexible Ezio technology allowed us to quickly expand security features without a major overhaul of our existing infrastructure,” said Héctor Carrera, Digital Solutions Director at BBVA Bancomer. “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%.”
“Last year, Mexican banks registered nearly three million cases of suspected fraud, representing 3% more security threats than the previous year,” said Rodrigo Serna, president for the Americas at Gemalto. “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%, evidencing world class convenience.”
In February, it was announced that Gemalto had been selected by Gabon’s department of homeland security to supply and implement an end-to-end border and visa management system.