National Credit Union Administration board member says FFIEC draft of authentication guidance is awaiting final signoff from just one member of the Federal Financial Institutions Examination Council. Industry insiders have speculated that the guidance release could be delayed for months. Regulators, until now, have declined comment, but industry insiders say the guidance will be released soon. The NCUA board member urges institutions to conduct new risk assessments, then adjust their authentication controls based on results. Mobile banking is a hot topic among regulators and could lead to new guidance, she says.”]
Source: https://www.cuinfosecurity.com/authentication-guidance-may-be-near-a-3548