Federal Financial Institutions Examination Council has released security guidance for mobile banking and payments. The guidance is a good reference point for banks that have to implement mobile security. Financial institutions “need to be educated on the growing mobile risks for mobile financial services,” an analyst says. Smaller banks may see the new guidance as being too burdensome to follow, an expert says. FFIEC stresses the need to ensure the need for the security of customers and third party parties to ensure that security controls are in place with regulatory demands.”]
Source: https://www.cuinfosecurity.com/ffiecs-new-mobile-security-guidance-assessment-a-9104