Federal Financial Institutions Examination Council issued FFIEC authentication guidance for online transactions last year. Smaller institutions need extra help dealing with the security issues involved in mobile banking and cloud computing. Regulators are honing their approach to focus on so-called “governance-based guidance” Regulators want to issue guidance that deals with broader risk-mitigation strategies, best practices and due diligence, says William Henley, who serves as the associate director for the FDIC’s Technology Supervision Branch.”]
Source: https://www.cuinfosecurity.com/blogs/mobile-cloud-security-guidance-needed-p-1345