New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

SECOND PASSWORD OR TWO FACTOR AUTHENTICATION DOB PAN PHONE NUMBER MOTHERS MAIDAN NAME . ETC. ARE NOT PROPER. IT MUST BE SECRET ND SELF CREATED.

SECOND PASSWORD OR TWO FACTOR AUTHENTICATION DOB, PAN, PHONE NUMBER, MOTHERS MAIDAN NAME, …. ETC. ARE NOT PROPER. IT MUST BE SECRET ND SELF CREATED. - Corporate Laws / Banking / SEBI / LLP - By: - CA DEV KUMAR KOTHARI - Dated:- 16-3-2015 Last Replied Date:- 30-12-1899 - For many banking and security transactions now we are required to use second factor authentication. This is intended to make transaction more secure and more privy to the person doing transaction. For example, in case of online t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d proper for intended purposes of increasing safety, security and privacy of account holder or client. All these information are available to the broker and its employees. Besides these are also in nature of information easily available to public. Therefore, it can be said that the so called second time password asked by online brokers, as mandated by SEBI, are not at all useful for the purpose of such password. Secret password is desirable: It is suggested that instead of information which are .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

se of access code provided by broker or bank is also not proper. Secret access code must be created by account holder without knowledge to anyone else. The secret code should also not be as small as four digits. It must be of at least six alphanumeric code. When account holder himself create a code, it can be safer than any other coding method. 1. What is a two factor authentication? A. It is a security feature where an customer will nee .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ation for online trading? A. In compliance with the new SEBI circular on increasing the security for your Stock trading account, we have introduced the 2-factor authentication process. This will give another security layer to your trading account. 3. For whom this two factor authentication is applicable? A. This feature is applicable to all the online customers of Kotak Securities. 4. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

er id and password at the time of login. 6. if I have a security key, do I need Access code? A. No, Security key itself works as a second authentication to the online trading customers. 7. I have a security key but I have not activated it. Can I use access code to login? A. No, if you have a security key that you haven t activated, then you need to activate it to login. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

er ID, Password and Security Key Press the button on your Security Key to get the digital Security Key access code Enter this number in the Security Key field 9. Can I trade without an Access Code or Security Key? A. No, for every login you need to have a password and a security key or an access code. 10. How can I use the access code? A. Login to www.k .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ties.com Login with your User ID and password Click on My Account Click Update My Profile Update your mobile number and E-mail Id and click CONFIRM 12. Are NRIs also required to have access code? A. No, the NRI online trading customers will have to use the security key to login to their accounts. 13. How can I get security key as an NRI customer? A. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e purchaser, without DotEx International Ltd. express prior written consent. Introduction SEBI has mandated 2 Factor Authentication from the next financial year with reference to SEBI circular no CIR/MRD/DP/ 8 /2011 dated June 30, 2011 To comply with this mandate NOW has implemented 2 Factor Authentication in the form of image and question & answer. Login Procedure Steps for setting 2FA (a)Enter Member ID & User ID Top 4 misconceptions a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n co-operative banks says the following In view of the proliferation of cyber attacks and their potential consequences, UCBs should implement two-factor authentication for fund transfers through internet banking [UBD.BPD.(SCB)Cir No. 1/09.18.300/2011-12] In the above RBI Circular there are some interesting points to be noted regarding Two Factor Authentication: Properly designed and implemented multifactor authentication methods are more reliable and stronger fraud deterrents and are .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

f factors. Using multiple solutions from the same category at different points in the process may be part of a layered security or other compensating control approach, but it would not constitute a true multifactor authentication. [The standard categories of factors include following: 1. - Something the user knows (e.g., password, PIN, pattern); 2. Something the user has (e.g., ATM card, smart card, grid card); and 3. Something the user is (e.g., biometric characteristic, such as a fingerprint). .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

using two passwords will not be considered two-factor authentication and is still prone to multiple attacks that can compromise a single password based authentication solution. 2. Using password along with user s date of birth/PAN number etc. considered as two-factor authentication? No. Even information like user s date-of-birth, PAN number comes under the same category of factor i.e. something the user knows. In fact it is easier for hacker to crack the user s date of birth/PAN .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version