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 ([email protected]). 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]