From July onward, Norvik Bank will be using a new authorization tool for internet banking services – Google Authenticator, as confirmed by the bank.
The bank notes that it is a modern and secure mobile app that offers quick authorization of payments and other transactions in e-Norvik Internet banking service. This app, according to the bank, will also function without Internet connection.
“Internet plays a major role in our everyday lives – we shop, work, communicate and find entertainment using the Internet. Because of that, security elements for Internet banking services become all the more important. Two-step authentication using Google Authenticator provides additional protection against unauthorized access. We are the first to adopt Google Authenticator for our clients in Latvia on top of existing authorization tools for e-Norvik,” says Norvik Banka product development and sales department manager Karina Ribusa-Viluma.
The bank notes that Google Authenticator complies with all modern technologies and security requirements.
“It generates codes for two-step verification, which in turn provides a greater degree of protection for our clients’ accounts. When performing authorization, the user needs to input a password and the code generated by Google Authenticator on their phone. Because codes are generated by the phone’s local app, it is not possible to intercept them. It is also possible to use Google Authenticator in offline mode – it does not require Internet connection to function. Google Authenticator is available for Android and iOS devices on Google Play and App Store.”
Security codes are generated constantly. Each is valid for 60 seconds. The bank adds that the app can be used for several accounts.
“If a client loses their phone, no one else can use their account, because there is also the password known only to the owner. When using Google Authenticator, it is recommended to keep the previous authentication method active, so that clients do not have to go to the bank and connect Google Authenticator to a new phone if they lose the previous one,” the bank notes. (BNN/Business World Magazine)