The key objectives of 2FA are to enhance the overall security of the client authentication process and to protect the integrity of client account data and transaction details. In doing so, client confidence in online trading systems will be boosted. Furthermore, 2FA is a useful tool against cyber attacks targeted at financial institutions and their clients.
At this point in time, 2FA is not compulsory for trading through RHB Securities Singapore Pte. Ltd. (“RHB Sec”). That said, RHB Securities Singapore Pte. Ltd. (“RHB Sec”) strongly believes that 2FA provides better security for its clients and encourages its clients to use 2FA to enjoy an enhanced level of security for online trading.
Yes, at this point in time, 2FA is optional and not compulsory for RHB Securities Singapore Pte. Ltd. (“RHB Sec”) clients. However, should 2FA become mandatory in future, RHB Securities Singapore Pte. Ltd. (“RHB Sec”) will update its clients accordingly.
If you choose not to use 2FA for trading, please note that your confidential data is at risk of being obtained by malicious parties and your computer system may also be exposed to attacks by hackers.
Nowadays, the increased incidence of direct attacks on online financial systems have caused client PINs to become even more vulnerable. Through targeted attacks, client PINs are under constant threats from various types of systems vulnerabilities, security flaws, exploits and scams. Without the use of 2FA, clients may be deceived by hackers into downloading trojans, backdoors, viruses and other malware which cause damage and harmful consequences to them.
You should observe the following practices to secure the confidentiality and integrity of your PINs, security tokens, personal details and other confidential data as far as possible. These will help to prevent unauthorised transactions and fraudulent use of your accounts and make sure that no one else would be able to observe or steal your access credentials or other security information to impersonate them or obtain unauthorised access to your online accounts: