in brief Commonwealth Bank of Australia has signed a five-year deal with digital identity firm IdenTrust to enable more secure authentication and electronic signatures for CommBiz customers using certain applications.
IdenTrust allows banks to issue a single digital identity to a customer which can be used with any web-based application. Customers can use it to sign transactions electronically, helping with fraud prevention. The identity also works with other banks which are members of IdenTrust's network. "Select" customers will be able to access the added security before the end of the year.
Commonwealth Bank CIO Michael Harte was glad to add another weapon to the bank's security arsenal. "The CBA keeps abreast of the latest online security trends to ensure customers can take advantage of new and innovative services which help them protect themselves online," he said.
IdenTrust has also been awarded a five-year contract for the provision of certificate authority hosting services with the bank.