Internet Banking Security Guidance

FFIEC backs layered security programs, detecting transaction anomalies.

The Federal Financial Institutions Examinations Council on Tuesday issued a supplement to its Internet banking authentication recommendations.

The new document updates guidance issued in 2005. The FFIEC doesn’t recommend any specific software solutions in the report but said it has instructed its member agencies, including the NCUA, to formally assess financial institutions based on the new guidance beginning in January 2012.

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