For all the latest news and views, please visit the FFIEC Authentication Guidance Resource Center.
Aite's Julie McNelley says the final FFIEC online authentication guidance offers greater detail in areas such as layered security, but that institutions have much to do to prepare for regulatory assessments in 2012.
The Federal Financial Institutions Examination Council has formally released the long-awaited update to its "Authentication in an Internet Banking Environment" guidance. The new directives take effect January 2012.
Information Security Media Group announces the launch of FFIEC Authentication Guidance, a resource center dedicated to providing in-depth news and views on the pending online authentication guidance.
New authentication guidance, when it is passed down, needs more attention on mobile, says Fraud Red Team's David Shroyer,a former Bank of America security executive.
In light of the pending update to the FFIEC's 2005 online authentication guidance, customer awareness is one area banks and credit unions should take very seriously, says Aite analyst Julie McNelley.
In the wake of recent data breaches, industry experts fear that consumers and employees alike will start exhibiting signs of "breach fatigue" and treat such incidents apathetically. Here are tips for how to ward off apathy.
It's been over three months since the accidental disclosure. When will the final FFIEC authentication update be released? "I don't think we're any less safe," says Gartner's Avivah Litan. "We just need to step up enforcements."
Gigi Hyland, board member of the National Credit Union Administration, says the latest draft of authentication guidance is awaiting final signoff from just one member agency of the Federal Financial Institutions Examination Council.
Recent incidents of corporate account takeover have pushed regulators, associations and practitioners to call for greater awareness and more collaboration between commercial customers and banks. But is there an ROI to enhanced awareness?
This piece summarizes the key elements of the three major releases by the FFIEC related to online authentication: The original 2005 authentication guidance, 2006 FAQs and the 2010 draft supplement.
"We want to know what the FFIEC guidelines actually mean and who is responsible for enforcing audits and compliance," says fraud victim Jim Payne, owner of Choice Escrow.
A preliminary draft of new online authentication guidance from the Federal Financial Institutions Examination Council puts greater responsibility on the shoulders of financial institutions to enhance security.
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