American Bankers Association: FFIEC wants banks to demonstrate they’re taking a balanced approach to security. Regulators also want to see banks’ plans for investments, says Doug Johnson, who oversees risk management policy for the ABA. Johnson: Banks are looking at a variety of security solutions to curb phishing attacks and enhance customer education. The ABA is doing to educate banks about emerging fraud threats; Johnson also discusses how banks will play key roles in the security of mobile payment systems.”]
Source: https://www.cuinfosecurity.com/ffiec-risk-assessments-are-priority-a-4994