Nowadays, security is priority. Eventhough not fool proof, many banks provide devices to strengthen their online electronics transaction such as internet banking. Currently, I am using three types of device : the first one, KeyBCA to be used for transaction at www.klikbca.com, and iB secure introduced by DBS Singapore. The last one is OTP, One Time Password for transaction on www.citibank.com.sg.

I am not sure how many types of similar device out of those three, but maybe they works similarly. A random numbers are generated at one time for transaction(s) we will make.

Base on the experience using those devices, I think keyBCA is more secure, in terms of number of step need to do for making a transaction. KeyBCA and iB Secure using same maker, from www.vasco.com. I guess both device will generate a random number linked to the account based on the specific preset timer before it send to the customer. If we use iB secure, we only need to enter generated random password once after login succesful, regardless how many transaction will be made. KeyBCA more secure (base on my stupid opinion), because it will not only generate random number but also will encript other parameter like payee account number for example.

The former one, OTP from citibank will generate a random password and send to our preferred cell phone number via sms.

Base on my own experience, I prefer keyBCA for enhance the security of internet banking compared with iB secure from DBS or OTP from citibank.

If you have other type of device for similar purpose you can share here too.

Filed under: Devices