Though HSBC did not bother to inform me that they have re-activated my credit card account, they did sent me a note about a new security measure they will be implementing soon.
It’s a Security Device Key (SD Key) that generates a single-use, time-sensitive number which can be used to gain access to their internet banking site (online@hsbc). The key looks like the one for your car alarm and the battery that runs the LCD screen can last up to 5 years. It’s a quick way to recover your online banking account in case you get hit by phishing scams, identity theft, trojans (keylogging/screen capturing), or shoulder surfing.
The Security Device has been selected by HSBC as the technology that best meets our customers’ need for flexibility and portability, and our business volume requirements.
– The Security Device itself generates the Security Code. As there is no dependency on a third party for security code generation, our customers do not need to rely on another party’s service standard to access Internet banking.
– The generation of the security code is not dependent on capacity issues, signal availability or the geographical location of our customers.
– The Security Device is small, light and portable. It can be used on any internet-enabled PC. It does not require downloads, set-ups, system adjustments, etc.
A quick search on the net brought me to their Hong Kong website. I have yet to receive my SD key though.
[tags]security, online, banking, finance, money, gadget, device[/tags]
Hey just wanted to give you a brief heads up and let you know
a few of the pictures aren’t loading properly. I’m not sure why but
I think its a linking issue. I’ve tried it in two different web browsers and both
show the same outcome.
how long can battery lasts? and is it very expensive? if you don’t mind…thanks
I was searching about this device and came to this site. I have also received this device today for my Credit Card with HSBC India. I think it is good for security but sometimes it will be very difficult to carry with you always.
Does anyone know how long can HSBC battery lasts? Thx.
my HSBC device seems to be very reliable, and I don’t have concern on the internet security anymore.
My first HSBC security device broke and now my replacement (as the first one broke down) has also broken.
The first one died after 3 months of use. It displayed 888888 every time I pressed the button. The 2nd (the replacement for the first) doesn’t display anything when I press the button. This 2nd is only 2 months old.
I’m not happy with HSBC!!
@ Non
The letter says they will do it in phases so i guess it’s applicable to those using their online banking facility. They will send you a notice for this too.
are they applicable to all HSBC credit card holders?
does anyone know how long will the device’s battery lasts?
When it comes to internet security, HSBC online has a tight one going. It’s good to know that HSBC Philippines is doing the same thing as HK. I actually have one of those security device from HK and they give me a greater sense of security whenever I go online.
A great step forward this, I hope HSBC gets moving on distribution of this key generator.
A number of European banks have had similar schemes in place for several years. Alas Philippine (and notably, US banks) have ignored the problem.
Online banking has become more and more popular but no more secure. Using an internet cafe machine or your own machine over a wireless connection is a real crapshoot … this security device is a big step in the right direction. There’s no reason (except lethargy by bank management) that it can not also be used for over the counter credit card transactions … a perpetually renewed PIN. Good on HSBC.