The FDIC, with the other FFIEC agencies, issued new guidance in June 2011, describing updated supervisory expectations regarding customer authentication, layered security, and other controls in an increasingly hostile online environment. Financial institutions are expected to comply with the guidance no later than January 1, 2012.
Read more here:
Authentication for Internet Banking.
Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).
See website for complete article licensing information.