For the first time since 2005, the FFIEC has released new guidelines for authentication in an Internet banking environment. Compliance assessments begin January 1, 2012. This document outlines the six steps financial institutions should take to conform to the new FFIEC authentication guidance. More..
The Federal Financial Institutions Examination Council (FFIEC) is planning to update online transaction authentication guidelines for the first time since 2005. This regulatory oversight plans to put greater responsibility on the banks and credit unions to enhance their security and prevent fraud. Easy Solutions’ Detect Monitoring Services and Detect Safe Browsing are two state of the art tools that will surpass the security requirements set forth by the FFIEC and can help detect fraud before it happens. English VersionSpanish Version
On June 13th, 2011 for the very first time, a commercial banking customer was victorious in a lawsuit resulting from an Internet phishing attack. The financial institution now must come up with and reimburse the $561,000 that was never recovered. There are many key lessons learned that banks and credit unions can draw from this case. More..
The purpose of the Supplement to the 2005 Guidance (Supplement) is to reinforce the Guidance's risk management framework and update the Agencies' expectations regarding customer authentication, layered security, or other controls in the increasingly hostile online environment. More..
The rise of electronic services has presented new security challenges to the Latin American financial institutions. The governments are playing a more active role in establishing norms and regulations to increase the security levels and protect the users. The 641-10 Resolution of Sudeban is an example of this kind of norms that, though useful, could turn to be very complex for the financial institutions. (only available in Spanish) More..
