Corporation Bank Enhances Online Security with eMudhra digital signatures

3i Infotech Consumer Services Ltd. (3i CSL) announced that Corporation Bank, a Public Sector Bank with over 3500 Banking Service Outlets, has implemented its eMudhra Public Key Infrastructure (PKI) solutions to become the first ever Indian bank to implement this authentication security solution, provided by a licensed certifying authority under the IT Act, to their corporate online banking customers.

With the stupendous growth of Internet and online transactions, security is always a concern to the netizens for doing financial transactions. This security layer ensures an additional security to all online banking transactions and one can be rest assured that their online transactions are more secure.

Across Asia the banks and government authorities have been consistently emphasizing the adoption of PKI based security measures for healthy online banking transactions. For example, in Korea, 12.8 million certificates were used for internet banking of 19 banks (2008), more than 10 banks in Hong Kong adopted PKI for the internet banking transactions and Chinese-Taipei Government issued a Directive mandating financial sectors to deploy PKI for the internet banking or internet stock trading.