FFIEC Draft: The Bad and Good: Banks need to be more responsive and implement controls for ATMs. Fraud risk assessments for banks are “an arms race with fraudsters,” says fraud expert David Shroyer. “We need to find a more comprehensive way to use the mobile phone as a verifiable authentication tool,” he says. “There’s no control that is strong enough that the processes can’t be subverted,” he adds. “We really do think that the guidance is not complete; it’s a draft””]
Source: https://www.bankinfosecurity.com/ffiec-draft-bad-good-a-3490