Blog | G5 Cyber Security

As Deadline Passes, Some Financial Institutions Going Beyond Compliance Guidelines

FFIEC: Any system that permits the movement of funds to other parties or access to customer information is deemed high-risk. Leading-edge institutions have implemented a layered approach to online security that incorporates a combination of mutual authentication, device recognition, biometrics, and one-time password tokens. Wells Fargo & Co. has upgraded its consumer online banking with new technologies including real-time risk analysis software that determines if someone is trying to log in from a different PC and location.”]

Source: https://www.cuinfosecurity.com/as-deadline-passes-some-financial-institutions-going-beyond-compliance-a-391

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