DBS iB Secure

What is 2FA

1. What is 2FA?
   2FA stands for Second Factor Authentication.
2. Why do I need to have a iB Secure Device to access iBanking? What are the benefits?
   iB Secure is a second factor authentication is required when iBanking customers access iBanking. This is a stronger means of customer verification as it relies on:
   1. information you know (that is your PIN) and
   2. information the bank provides to you (that is the randomly generated iB Secure PIN)
   With 2FA, should your User ID and PIN be compromised for any reason, the "thief" will also need to have the your personal iB Secure device, before he can access your iBanking. This makes it more difficult for hackers who manage to obtain a string of customers' User IDs and PINs via phishing or spyware.
3. What is this iB Secure Device?
   This is a security device which generates a random PIN that acts as a second level of authentication for you. After registering your iB Secure device with us, you will require the physical device for your subsequent login to iBanking. You will have to login with your User ID, PIN and the randomly generated PIN that is displayed on the iB Secure Device.
4. Do I have to pay for the DBS iB Secure Device?
   As a commitment to our customers, we issue the first iB Secure Device to our customers with our compliments. The iB Secure Device has a long lifespan and should last up to 5 years before it has to be replaced. There will be a replacement charge for lost iB Secure devices.