U.S. banking institutions and their commercial customers have been plagued by incidents of ACH and wire fraud that have led to millions of dollars in losses. The Federal Financial Institutions Examination Council called upon institutions to deploy new layered security controls to better detect and prevent online banking fraud. Peter Tapling, President and CEO of Authentify Inc., discusses the value of out-of-band authentication in an exclusive video interview recorded at RSA Conference 2012. Tapling: “People appreciate being contacted when particular transactions look risky””]
Source: https://www.govinfosecurity.com/out-of-band-authentication-evolves-a-4560