Multi-Factor Authentication Takes Hold

Information Security Technology
STRONG Authentication

Are financial institutions implementing the multifactor authentication laid out in the FFIEC Guidance? That was one of the issues discussed at the RSA panel presentation, "37 Days After the FFIEC Guidance Deadline." The panel of banks, credit unions and industry experts talked about what it took to get this far, and what is expected to happen next.

Lee Carter, President of Online Banking at Zions Bank in Centerville, UT, was on the panel and he voiced optimism about the multifactor authentication guidance. He explained the Zions Bank's implementation of its new authentication method, "It was days if not hours after the implementation that we had people [hackers] banging on our front door trying to figure out what we were doing. They were pretty persistent, and put up phishing sites to try to figure it out, we got those taken down, and they since have stopped."

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