The 2011 FFIEC Supplement to Authentication in an Internet Banking Environment greatly extends and expands the 2005 FFIEC Guidance to address the substantial shifts in the online fraud landscape in the last 6 years. The main purpose of the 2011 Guidance is to reinforce the 2005 Guidance risk framework with respect to customer authentication and to extend the Guidance beyond the concept of authentication toward a holistic view of protecting the online channel through layers of security practices.
With a deadline of January 2012 for adherence to the updated Guidance, when examiners will begin to formally assess financial institutions under the enhanced expectations, financial institutions should focus their efforts in evaluating their current practices against the Guidance and identifying gaps in their online security controls.
Actimize On-Demand Webcast
View this on-demand webcast to hear George Tubin, Senior Research Director at TowerGroup and Ben Knieff, Head of Fraud Product Marketing & Product Strategy, discuss the impact of the latest FFIEC guidance. Gain insights on best practices and key strategies that will help firms comply with these online security requirements, based on Actimize's expertise in deploying successful fraud prevention programs at financial institutions across the globe.
Actimize Whitepaper
Read this whitepaper to understand how financial institutions can effectively assess their current online security controls and demonstrate to regulators a clear plan of action to address the Guidance. The whitepaper also provides examples of best practices of technology components and processes that firms should put into place to not only comply with the Guidance, but further protect themselves and their clients from sophisticated future attacks.
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