The Federal Financial Institutions Examination Council’s (FFIEC) released the first updated version of the “Authentication in an Internet Banking Environment” guidance since it was created in 2005. Security experts have long been clamoring for an update from the FFIEC, maintaining that the outdated guidance from the regulator was putting bank customers at risk. The old guidance focused mainly on getting banks to offer two-factor authentication for greater security, but failed to require other layers of security, such as anomaly detection to prevent fraud or encourage general risk management practices.”]
Source: https://www.darkreading.com/attacks-breaches/new-ffiec-guidance-will-benefit-smbs