Case Study: SMBC strengthens retail banking security with OneSpan Digipass 275

SMBC secures 22,000 employees’ retail banking services with OneSpan Digipass 275

Sumitomo Mitsui Banking Corporation (SMBC), one of the world's largest banks, faced a growing number of sophisticated cybercrime and fraud cases targeting its internet banking services. The bank's challenge was to find a future-proof security solution that was both highly secure and user-friendly to strengthen consumer confidence. After an independent evaluation, SMBC selected the Digipass 275 authenticator from OneSpan.

OneSpan's solution provided strong two-factor authentication that was intuitive for customers and portable. The Digipass 275 protected users from advanced fraud schemes like man-in-the-browser attacks and could be shared with affiliate institutions. For SMBC, the results included a proven, cost-effective security infrastructure that could withstand future unknown attacks, leading to a successful rollout that replaced their existing authentication method.

Sumitomo Mitsui Banking Corporation (SMBC)