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Banking on security awareness

RBC Royal Bank initiates online security public awareness campaign

TORONTO, May 24, 2006 — Many more Canadian consumers would be taking advantage of the convenience of online banking if they were aware of how secure and well protected online transactions are. To help these consumers better understand how to safeguard online banking transactions, RBC Royal Bank today is launching an online security public awareness campaign, and standing behind its commitment to online security with a 100 per cent guarantee.

"Our guarantee is to fully reimburse clients for any funds removed from their accounts with us as a result of unauthorized transactions through online banking," explained James McGuire, vice-president, Online Strategy and Client Experience for RBC Royal Bank. "Our own records and industry research show that a small number of unauthorized transactions ever occur online. We want people to feel comfortable choosing online banking, knowing that their money is safe."

Through its online security awareness campaign, RBC is reminding everyone who goes online of the importance of following safe computing practices. "Anyone banking online should follow some straightforward precautions," emphasized McGuire. "Through our Guarantee, we're asking our clients to take a few simple steps, including safeguarding their passwords, closing their online sessions properly, and letting us know right away if they notice any unusual activity in their accounts. On our part, we take responsibility for ensuring our online transactions with them are secure, and for reimbursing clients for any unauthorized transactions."

The RBC's online security public awareness campaign materials include an Online Banking Guide to Security & Privacy - a comprehensive resource that looks at security tools and safe computing practices - as well as the RBC Online Security Quiz. In addition, copies of the brochure "Straight Talk About Financial Fraud" are available at any RBC Royal Bank branch, and all three resources can be found by visiting www.rbcroyalbank.com.

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For further information, please contact :
Kathy Bevan, Media Relations (416) 974-8810


 

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