businessman using fingerprint for access control

Simple & Secure Single Sign-On for Bank Employees

Prevent Password Problems for Bank Employees With Single Sign-On

Bank employees need to access several highly sensitive systems to do their job. This simple fact leaves banks wondering: how can they can monitor staff activity and secure their systems from unauthorized identities while allowing verified users easy and seamless entry?

For years, employees have accessed systems using passwords. Unfortunately, passwords are problematic. Since bank employees have access to as many as 400 applications, each potentially requiring a unique password, they often resort to sharing passwords or writing them down in common areas. These exposed passwords not only make internal accountability impossible — they leave bank and customer data vulnerable to outside actors.

These and other problems with passwords are why many banks are switching to single sign-on (SSO). With SSO, the bank employee simply inserts a card credential or touches a biometric fingerprint reader to swiftly access all their needed systems. For enhanced security, banks could also opt for SSO with multi-factor authorization, a process that requires a combination of something you are (like a fingerprint), something you have (an ID badge) and something you know (a password or PIN). Whatever the credential, SSO allows simple access to multiple systems in an instant.

In addition, this user-friendly but high-security process can be customized within banks, with options like using a single credential for minor transactions but requiring multi-factor authentication for large or unusual requests.

With SSO, banks have indisputable proof of each employee’s actions at any given time. Best of all, internal fraud — the largest source of fraud in banks — can be significantly reduced; all with a process that actually makes life easier for employees.

Wondering what type of SSO would work best in your bank? Learn more about HID Global’s authentication technologies.

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