Citibank introduces anti-phishing tokens
US banking giant Citibank has followed in the footsteps of HSBC by issuing security tokens to online business account holders.
The Vasco two-factor authentication tokens will be issued to the bank's CitiBusiness Online customers in the US, who are predominately small to medium sized businesses.
Last month HSBC announced that it would issue tokens made by the same IT security firm to 180,000 UK business users to try and reduce the risk of online fraud, resulting from phishing, keylogging trojan software and computer hackers.
Citibank is one of the first US banks to take similar steps, with other American financial services firms opting for different approaches, such as PassMark a technology used by Bank of America and Alliance & Leicester in the UK.
