The Federal Financial Institutions Examination Council recommended technologies for stronger authentication (see FFIEC Authentication Guidance: First Analysis) The guidance stressed the need for ongoing and regular risk assessments, enhanced authentication for high-risk transactions as well as end-users, layered security controls and well-defined customer and member education programs. “It’s not just banks being put on high alert,” says Mark Kay, a former managing director for JPMorgan Chase who now serves as chairman and CEO of out-of-band authentication vendor StrikeForce.”]
Source: https://www.cuinfosecurity.com/implementing-stronger-authentication-a-5398