Finosec Official Blog

Recent Guidance on Authentication

Sep 16, 2021 11:45:00 AM / by Finosec posted in Cybersecurity, Innovation, Banking, Authentication, Guidance

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The FFIEC has released an update titled “Authentication and Access to Financial Institution Services and Systems.” It ​​replaces two previously released FFIEC issued pieces: "Authentication in an Internet Banking Environment" released in 2005, and the "Supplement to Authentication in an Internet Banking Environment" released in 2011. The guidance has been expanded to include employees, third party vendors, and APIs with increased expectation in regards to controls and risk management. This update is clearly focused on an understanding of the threat landscape, having a current risk assessment, ensuring layered security, and a general increase in authentication implementation. Take a few minutes to watch FINOSEC President and CEO Zach Duke unpack this information.

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