Security

• Our 128-bit encryption technology affords peace of mind
• Access is controlled through user ID's, operator ID's and passwords
• Access limits and restrictions can be put in place for different user's, according to your unique requirements
• Segregation of duties among operators allows you to determine who does what on the system
• Operator limits and multiple release capabilities provide added security
• Customer-defined limits afford control over funds being released from your account
• Many functions can be automated, thereby minimising manual input errors
• Audit trails are available to help monitor access and usage by staff
• Log usage statistics can be viewed, printed or downloaded
• Beneficiary and transaction limits can be enforced to enhanced security
• Many of our online products offer automated branch and account validation features, thereby minimising input errors

Your online security

Online banking fraud is of enormous concern to individuals, businesses and financial institutions around the world – and South Africa is no exception. Systems are under constant threat of violation, and Standard Bank makes use of the latest international security measures to ensure our banking systems are robust and secure.

In most cases of fraud, user identity passwords are obtained via unscrupulous methods by criminals and then used to transact fraudulently on the victim’s banking profile. There are a number of tools you can use to reduce your exposure. These include:

Physical access security policy
Control who can gain access to your premises, particularly to areas where your critical computers are located.

IT security policy
Make sure that your anti-virus, anti-spyware, and intrusion prevention systems are up to date, and ensure your employees keep their login details confidential and change their passwords regularly.

Segregation of duties
All important online banking activities, such as the addition and amendment of beneficiary details and any payment transactions, should not be processed without the approval of more than one person in your organisation.

Audit reports
Check your detailed Business Online audit reports frequently to highlight any irregular activity with regard to beneficiary profiles and payment transactions. We recommend you review your audit details at least once at the end of each day.

Click here for more information on online security, including updates on the latest trends in online corporate banking fraud.