Wachovia Introduces Security PlusSM For Enhanced Online Assurance
New features improve protection against Internet fraud
January 08, 2007 - CHARLOTTE, N.C.— Wachovia’s online customers now have even more protection from identity thieves and online criminals. The company has introduced Wachovia Security PlusSM, a new enhanced suite of security measures, to toughen Wachovia’s already-strong security measures in the fight against online theft and fraud.
Wachovia Security Plus uses the latest information technology innovations to provide back-end security monitoring and authentication of online activity to quickly pinpoint suspicious activity and proactively deter fraud.
“Attempts at online theft have increased dramatically throughout the financial services industry in recent months,” said Gloria Chance, Chief eCommerce Officer. “The introduction of Wachovia Security Plus reassures our customers that the safety of their personal and financial information continues to be a top priority for Wachovia.”
The security enhancements are designed to be transparent to customers and do not affect the way they do business with Wachovia online.
Wachovia Security Plus supplements other security programs already in place at the company and ensures Wachovia complies with the Federal Financial Institutions Examination Council (FFIEC) guidelines on authentication.
Wachovia Security Plus currently is a feature of Online Banking for Retail and Small Business, BillPay, Online Brokerage and Calibre. But comprehensive online security solutions for clients across all lines of business are being developed and will be introduced later this year.
Online banking has become one of the safest and most convenient ways for customers to manage their money. Wachovia’s online banking site leads the industry in customer satisfaction and generating customer loyalty.
Wachovia Corporation (NYSE:WB) is one of the nation’s largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Including the Golden West merger, which closed on Oct. 1, 2006, Wachovia has retail and commercial banking operations in 21 states with 3,400 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 737 offices in 49 states and service affiliate offices in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in 39 states and auto finance covering 46 states. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. At September 30, 2006, Wachovia had assets of $559.9 billion and market capitalization of $88.2 billion. On the same date, based on pro forma data, Wachovia’s combined assets were $706 billion and combined market capitalization was $107 billion.
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