FFIEC: Where is Authentication Guidance? When will the Federal Financial Institutions Examination Council finally release this update? Regulators won’t say, leaving industry experts to speculate about when it will be issued. The draft update was inadvertently disclosed on the NCUA website over the New Year’s holiday. The five key recommendations emphasized in this draft: Use of multifactor authentication, especially for so-called “high-risk” transactions; Layered security controls to detect and effectively respond to suspicious or anomalous activity; Improved device identification and protection.”]
Source: https://www.bankinfosecurity.com/ffiec-where-authentication-guidance-a-3546