Union Bank of California Implements Additional Security to Provide Greater Online Customer Protection

  
    
  
  
    
      Developing online services that not only help clients streamline banking 
      activities but also provide robust protection, Union Bank of 
      California, N.A. has implemented a new technology that provides 
      additional security for its online banking customers by preventing 
      unauthorized users from accessing account information.
    
    
      By requiring more than a password, the multi factor authentication 
      requirement technology serves as a second security layer. Customers will 
      now use a two step log-in process and be prompted to select and provide 
      responses to several security questions. They must answer the questions 
      in the event they attempt to access their accounts from a computer not 
      recognized by the bank.
    
    
      “Giving our customers increased peace of mind 
      that their online services are not only efficient, but also provide them 
      with the best possible protection from the latest fraud risks in always 
      top of mind when we develop new on line functionalities,” 
      said Terry Kelly, senior vice president in e-commerce.
    
    
      As more bank services are made available through the Web, security 
      surrounding financial information and associated transactions has become 
      a key focus for regulatory agencies overseeing financial institutions 
      and a major priority for Union Bank.
    
    
      Based in San Francisco, UnionBanCal Corporation (NYSE:UB) 
      is a bank holding company with assets of $52.6 billion at December 31, 
      2006. Its primary subsidiary, Union Bank of California, N.A., had 321 
      banking offices in California, Oregon and Washington, and 2 
      international offices at December 31, 2006. The company's Web site is 
      located at www.unionbank.com.