The updated FFIEC Authentication Guidance guidance has been one of the financial industry’s most anticipated documents. One of the primary authors says critics are too hung up on mobile banking and other elements missing from the new directives. “The point of the supplement is to address online authentication specifically,” he says. Regulators: ‘A tough job, but it’s the job of the regulators to protect the safety and soundness of our financial system,” one expert says. Some banks are further along in the compliance chain than others, but regulators are moving toward compliance.”]
Source: https://www.cuinfosecurity.com/fdic-defends-banking-authentication-guidance-a-3810