{"id":8355,"date":"2012-03-26T11:10:43","date_gmt":"2012-03-26T09:10:43","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=8355"},"modified":"2016-11-25T13:40:12","modified_gmt":"2016-11-25T11:40:12","slug":"nebank-boosts-mobile-security","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/8355\/nebank-boosts-mobile-security\/","title":{"rendered":"Nedbank boosts mobile security"},"content":{"rendered":"<p><a title=\"Company Information\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/313855-Nedbank-Group\">Nedbank<\/a> has launched and implemented Approve-it, a cellphone-based transaction\u00a0authentication system to replace one-time password (OTP) validation.<\/p>\n<p>Approve-it is a cellphone-based security system developed by mobile security company, Entersekt, with Nedbank.<\/p>\n<p>It will allow Nedbank clients to authenticate banking transactions from their cellphones, giving them the option to accept or reject processes happening in the account.<\/p>\n<p>&#8220;Most banks currently send \u2018one time passwords\u2019 (OTPs) by SMS to their customers who wish to execute sensitive online transactions,&#8221; explained Schalk Nolte, CEO of Entersekt.<\/p>\n<p>&#8220;The weakness in this system is that the customer is then required to enter the OTP onto the bank\u2019s online site. If the bank\u2019s internet site is mimicked by a fraudster (i.e. a phishing site), the transaction is compromised.&#8221;<\/p>\n<p>The new system will replace the one-time password system that was previously in use by Nedbank, and won&#8217;t require re-registration for current OTP users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nebank has launched and implemented Approve-it, a cellphone-based transaction authentication system to replace one-time password (OTP) validation.<\/p>\n","protected":false},"author":10,"featured_media":7089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,2098,2099,1799,2100,375],"class_list":["post-8355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-approve-it","tag-entersekt","tag-nedbank","tag-schalk-nolte","tag-security"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/8355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=8355"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/8355\/revisions"}],"predecessor-version":[{"id":144587,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/8355\/revisions\/144587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7089"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=8355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=8355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=8355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}