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Belfius Bank adopts OpenSpan’s Mobile Security Suite to protect mobile customers from cybercrime

Belgian Belfius Bank has implemented OneSpan’s Mobile Security Suite (MSS) within its mobile app to help protect its 1.5 million mobile customers from the growing impact of cybercrime.

Belfius Bank is a long-standing user of OneSpan services

OneSpan’s technology provides biometric authentication, risk analysis and other app security measures. This is an extension of an existing relationship as the bank is a long-standing user of OneSpan’s hardware authentication devices.

The Belfius app provides customers with access to the bank’s own financial services as well as to third-party services such as cardless fuelling, on-street parking and bus tickets.

OneSpan helps protect transactions made through the app while delivering a hassle-free authentication process.

Mobile malware attacks increased in the latter half of 2020, with Kaspersky finding 156,710 new mobile banking trojans.

MSS is intended to detect and mitigate these threats and related fraud, and provides application shielding. It also brings a mobile app security framework that allows Belfius to deploy new authentication and advanced security modules as needed and with minimal development.

Belfius project manager for signing and authentication, Jonas De Dobbeleer, says: “We are incorporating OneSpan’s technology into our app to provide our customers with strong security without impacting the user experience.”

OneSpan CEO, Scott Clements, adds: “Fraudsters are increasingly targeting the digital channel given pandemic-related adoption and changing consumer preferences.

“Technologies like app shielding, biometric authentication and encrypted transaction signing enable financial services organisations to identify and fight fraud like man-in-the-middle attacks while maintaining trust and driving adoption.”

Related: Auriga to manage Belgium’s new ATM network Batopin

Source: Belfius Bank adopts OpenSpan’s Mobile Security Suite to protect mobile customers from cybercrime

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