FFIEC Authentication Guidance: A New Standard For Online Banking Security

FFIEC Authentication Guidance: A New Standard For Online Banking Security The long overdue update to the FFIEC Guidance on Authentication in an Internet Banking Environment is now officially in effect, setting a new standard for online banking security. Since its previous update in 2005, the online banking threat landscape has changed dramatically, creating a significant gap between the FFIEC recommendations and those security measures that are actually effective in mitigating online banking fraud. As a result, financial institutions and their customers have been at risk and fraud rates have spiked.

This comprehensive whitepaper:

  • Provides an overview of the updated Guidance
  • Outlines the threat landscape which helped define it
  • Examines why the security measures specified in the 2005 Guidance are no longer effective
  • Explains how methods like out-of-band authentication with transaction verification are key to protecting online banking today




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