The final FFIEC Authentication Guidance issued, institutions need to start moving ahead in order to prepare for regulatory assessments starting January 2012. Financial institutions should be looking at their education programs and figuring out how to make them more effective in reaching consumers and businesses. The threat landscape has changed considerably, and institutions can’t just rely on username and password and device authentication. “You really need to have a number of different approaches and layers of security to address the online threats,” says Julie McNelley.”]
Source: https://www.cuinfosecurity.com/ffiec-guidance-start-moving-forward-a-3843