FFIEC Guidance Site Launched

At a time when data breaches, corporate account takeover and financial fraud are rampant, there has never been a greater need for stronger online authentication at banking institutions. ISMG recognizes this need with the launch of this new Resource Center, which showcases BankInfoSecurity's exhaustive coverage of these topics with rich, multimedia content including:

• News Articles exploring the five major elements covered by the guidance: risk assessments, multifactor authentication, layered security controls, new authentication techniques, and customer awareness;
• Interviews with practitioners, analysts and even banking regulators about the potential scope of these new guidelines and how to implement them;
• Analysis of how this pending guidance will impact banking institutions and their fight against banking fraud in all its forms.
• Education by the industry's leading vendors on how to comply with specific recommendations of the FFIEC, including layered security and device identification.

"The banking industry has never seen a greater need for new guidance on authentication, layered security and customer awareness," says Tom Field, Editorial Director of ISMG. "Already, we are seeing financial institutions amend their budgets and strategies to comply with the FFIEC's new recommendations. It's important, then, for all players in the industry - practitioners, vendors, analysts and even customers - to understand the full ramifications of this important new direction in online authentication."

This Resource Center will provide information for U.S.-based institutions as well as international banks that operate inside the U.S. and need to comply with regulatory mandates, Field says.

In addition to the original content listed above, the FFIEC Resource Center also features important resources such as a library of authentication updates from banking regulators and industry associations; ISMG's own proprietary fraud research; and BankInfoSecurity's archival content on key subtopics such as ACH fraud, authentication, device identification and risk assessment.

As this draft guidance is amended and issued, ISMG will track the evolution on this microsite, giving its viewers a one-stop shop for all of the latest information and education on what has proven to be 2011's top banking/security development.

This is the first in a series of new Resource Centers planned by ISMG to showcase its full range of news, analysis and education around today's most important information security topics. These customized microsites, sponsored and supported by the industry's leading service-providers, offer easy navigation and access to relevant content organized by date and by topic, with ongoing updates by ISMG's news team and sponsors.

Resource Centers are a natural evolution for ISMG, which in the past has distinguished itself with thorough coverage of such key topics as the Heartland Payment Systems data breach, corporate account takeover and card skimming at ATMs and point-of-sale terminals.

Information Security Media Group publishes BankInfoSecurity, CUInfoSecurity, GovInfoSecurity and HealthcareInfoSecurity. These digital media sites offer news, views, research and education on the top industry, security, regulatory and technology challenges facing information security leaders worldwide. Each site is guided by an advisory board of renowned thought-leaders from business, government and education.