Draft FFIEC Proposal Seeks to Prevent Corporate Account Takeover. Guidelines call for more stringent risk assessments, authentication and customer education. One of the major themes of the draft guidance is how many recent incidents of corporate account takeover may have been avoidable. The draft also asks banking institutions to work with commercial online banking customers to perform periodic risk assessment and controls evaluations. It is important to note that this guidance, dated Dec. 13, 2010, is currently in draft form and may be amended significantly.”]
Source: https://www.cuinfosecurity.com/fraud-victim-favors-draft-guidance-a-3381