Welcome to BankInfoSecurity's FFIEC Guidance Resource Center!
The latest news, views and education on the Federal Financial Institutions Examination Council's latest guidance on the risks and risk management controls necessary to authenticate services in an Internet banking environment.
A majority of financial institutions have reported a rise in account opening fraud and payment scams, which is expected to continue and cause losses for banks, says Trace Fooshee, strategic adviser at Aite-Novarica Group. He discusses new technologies to put in place to mitigate scam attacks.
Accelerated digital transformation has only complicated the identity verification challenge for enterprises. But Chuck Moore of Early Warning says behavioral analytics and anomaly detection combined can reduce both fraud and the friction that can come with traditional authentication methods.
At a time when applications are more business-critical than ever - and visibility is more challenging to achieve - we need to discuss new strategies and tools for maximizing application intelligence. Sujay Pathakji of Axiom Telecom and Srudi Dineshan of Gigamon share insights.
When it comes to advanced threat response, 42% of financial institutions say their current abilities are average. Only 35% say automation currently plays a strong role. Josh Zelonis of Palo Alto Networks and Sid Srivastava of Accenture analyze the State of Security Automation in Financial Services.
Eighty percent of survey respondents say they either are well on the way or getting started toward becoming a "smart manufacturing company." Cloud migration, business resiliency and securing OT environments are among their priorities. Del Rodillas of Palo Alto Networks analyzes the survey results.
Fifty-three percent of survey respondents say cyberthreats became fiercer during COVID-19, and 17% say the pandemic disrupted their data security initiatives. These are among findings of a new survey sponsored by HelpSystems. Cary Hudgins analyzes the results and discusses how to put them to work.