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Wall Street & Technology November 18, 2005 |
Stronger Authentication Single-factor authentication is insufficient for online financial services, according to the Federal Financial Institutions Examination Council (FFIEC). |
Bank Systems & Technology January 31, 2006 Maria Bruno-Britz |
Fortifying Online Banking The Federal Financial Institutions Examination Council (FFIEC) issued guidance to the financial services industry for data security in the online banking environment. Banks must perform the mandated risk assessments by the end of 2006. |
Wall Street & Technology January 24, 2006 Cory Levine |
Fighting ID Theft and Fraud As criminals dream up new and more-sophisticated schemes to steal and profit from personal data, consumer confidence in e-commerce, including online financial services, is taking a hit. Online users expect the financial industry to take action. |
Wall Street & Technology March 21, 2006 Paul Allen |
Add Another Bolt to the Cyber Door Due to enhanced and evolving cyber-threats, financial institutions now must implement some form of multifactor authentication or layered security to protect sensitive customer data. |
OCC Bulletin October 12, 2005 |
Authentication in an Internet Banking Environment This updated interagency guidance specifically addresses the need for risk-based assessment, customer awareness and security measures to authenticate customers using a financial institution's Internet-based services. |
Bank Technology News December 2007 |
Scoring Banks' Compliance With FFIEC Guidelines Compliance with FFIEC guidelines brought out the worst in many bankers. So how did banks do in terms of compliance? |
InternetNews October 24, 2005 Tim Gray |
Companies Bid for Authentication Compliance Work Financial institutions are getting started on security compliance regulations. |
Bank Systems & Technology August 24, 2006 Nancy Feig |
Banks Scramble to Meet FFIEC Online Banking Authentication Guidelines by Yearend Less than four months remain for banks to meet the Federal Financial Institutions Examination Council's year-end deadline for Internet banking authentication, but some confusion remains over what is an acceptable solution. |
Bank Technology News August 2006 Glen Fest |
Multi-Factor Authentication: Two-Factor Timing Twists Up Bankers The FFIEC's guidelines for adopting multi-factor authentication includes a hard deadline with apparently soft parameters. But will haste end up producing waste? |
Bank Technology News November 2007 Glen Fest |
Online Authentication: Multifactor Race Nears Finish Line Nearly a year after half of all U.S. institutions missed the deadline to adopt stricter FFIEC guidelines for online authentication, analysts say that banks have finally, and almost universally, put their multifactor and other risk-mitigation layers in place. |
Wall Street & Technology January 5, 2006 |
Behavioral Security With the recent SEC and FFIEC recommendations casting a spotlight on online account security, behavioral biometrics has emerged as an increasingly popular technique for financial services institutions to meet federal regulators' call for multifactor authentication for online account security. |
Wall Street & Technology June 13, 2006 |
Authentication Gets Deeper Deepnet Unified Authentication is a single integrated authentication platform that provisions, manages and verifies all types of authentication, form factors and user credentials that are used for user authentication with Internet services, remote access and enterprise network access. |
Bank Technology News January 2002 Maria Bruno |
Citi's Biometrics Tease Yet another banking giant's quest for the ultimate in security... |
Bank Systems & Technology February 27, 2006 Larry Greenemeier |
Banks Benefit as Authentication Providers Duke It Out As emerging security threats cause confidence in online services to wane, financial services firms are searching for ways to restore users' faith. Rival providers of online authentication technology are leveraging the opportunity to spread their technology across the globe. |
Bank Systems & Technology October 30, 2007 Nancy Feig |
Banks Using Mobile Phone for Out-of-Band Authentication Amid increasing pressure to protect customers online, some of the largest global banks are turning to out-of-band authentication to fortify their Web banking services. |
Bank Systems & Technology July 22, 2008 Orla O'Sullivan |
RSA Offers New Security Tokens for Online Banking RSA says one U.S. bank and several abroad are testing the Bedford, Mass.-based vendor's first security token modeled on a credit card. |
Bank Systems & Technology June 24, 2008 Lisa Valentine |
Peter Makohon Keeps Wachovia Secure on the Cyber Front Lines Wachovia's VP of information security says protecting the bank's network against ever more sophisticated attacks is a constant challenge that requires eternal vigilance. |
CRM June 2015 Leonard Klie |
In Data Security, It's a Numbers Game Requiring multifactor authentication makes it harder for hackers to access information |
Wall Street & Technology April 27, 2005 Jim Middlemiss |
CIO Challenge: Two-Factor Authentication The rising incidence of account hijacking and identity theft has created a challenge for financial organizations that want to secure their data, but still allow clients and staff to conduct transactions online. Two-factor authentication may provide a solution. |
Bank Systems & Technology May 1, 2006 Lisa Valentine |
Collaboration Is Job One An interview with Financial Services Technology Consortium executive director Daniel Schutzer on fostering a more collaborative environment regarding technology in the financial services industry. |
U.S. Banker December 2005 |
Authentication: FFIEC Commands Two-Factor ID by 2006 The Federal Financial Institutions Examination Council issued guidance requiring multi-factor authentication for on-line banking customers by the end of 2006. |
U.S. Banker July 2010 Rob Garver |
The Cost of Inaction Banks need to help protect commercial clients from online fraud, but face tech hurdles and resistance from clients themselves. Meanwhile, hackers lurk. |
InternetNews November 8, 2005 Clint Boulton |
Liberty Needs to Know Who You Are The Liberty Alliance Project creates a group to help companies bring authentication into their folds. |
Bank Technology News March 2011 Rebecca Sausner |
FFIEC to Revisit Online Protection Banks' security for online accounts hasn't kept pace with the threat landscape, regulators say, and sources say the FFIEC may soon update its 1995 guidance on securing online banking transactions. |
Bank Technology News February 2007 Andrea Klein |
Losses Rise If Reputation is Compromised The banking industry has begun to recognize the true cost of a tarnished reputation. The next and more challenging step for many is mitigating reputational risk, especially as it relates to online security breaches. |
Bank Technology News August 2006 Glen Fest |
Choosing Authentication Solutions: Vetting Vendors, Soothing Customers Banks face tough choices today in building anti-fraud resiliency, from selecting providers to meeting user preferences. Will they be happy with those choices tomorrow? |
OCC Bulletin August 15, 2006 |
Authentication in an Internet Banking Environment Just-released "frequently asked questions" (FAQs) are designed to aid in the implementation of the interagency guidance on Authentication in an Internet Banking Environment. |
Bank Systems & Technology July 28, 2006 Gregg Keizer |
Phishers Beat Citibank's Two-Factor Authentication Nearly three-dozen phishing Web sites have targeted Citibank business customers with a new scheme that circumvents two-factor authentication. |
Bank Systems & Technology February 27, 2006 Maria Bruno-Britz |
Back to the Future Banks are beginning to realize that biometrics offer a viable solution in today's security- and compliance-conscious environment, according to a new report. |
Wall Street & Technology April 18, 2008 Melanie Rodier |
Financial Institutions Evaluate Biometrics While financial institutions aren't yet ready for consumer-facing biometrics deployments, these technologies are gaining popularity for behind-the-scenes authentication. |
Wall Street & Technology April 14, 2006 |
Four Keys to Stronger Online Security Mercator Advisory Group has released a new report, "Total Transaction Security: Best Practices in Limiting Fraud Exposure Online and Offline," in which it recommends four strategic imperatives to consider in developing online security initiatives. |
Bank Systems & Technology November 26, 2007 Maria Bruno-Britz |
Javelin Finds More Banks Using Multi-factor Authentication With the FFIEC deadline for implementing multifactor authentication now but a memory, banks have improved their efforts to secure customers' information, according to a study. However, there is more banks can do. |
Bank Systems & Technology August 24, 2006 Peggy Bresnick Kendler |
Identity Management Addressing the biggest threats to information security for banks. |
Bank Technology News December 2008 Glen Fest |
The Paradoxes Of Mobile Adoption A new Javelin Strategy & Research report reveals layers of paradox involving mobile banking security. |
Wall Street & Technology January 23, 2007 Cory Levine |
VASCO Bolsters Tokens The strong authentication vendor has bolstered its hardware authentication offerings with the release of two new user authentication products for online commerce. |
Wall Street & Technology September 17, 2007 Melanie Rodier |
Online Security Attacks Against Financial Institutions Rapidly Increasing Gone are the days of teenagers sitting in their parents' basements trying to hack into a company's computer system just to prove a point. Today, hacking is an organized crime enterprise -- and it is bigger than ever. |
Bank Systems & Technology May 26, 2010 Matt Gunn |
Fiserv, PhoneFactor Partner For Phone-Based Multi-Factor Authentication Authentication services provider PhoneFactor and Fiserv announced a partnership that makes phone-based multi-factor authentication available through Fiserv's Corillian Online banking solution. |
Bank Technology News March 2007 Holly Sraeel |
Protecting Data Online Is a Top Priority for Consumers Today, consumers recognize that fraud is no laughing matter. According to a study, 41% of respondents would decrease their use of online banking or switch institutions in the wake of a data breach. |
Bank Systems & Technology April 7, 2006 Peggy Bresnick Kendler |
Security Outlook A plethora of high-profile data breaches and concerns about identity theft have put the banking industry on high alert. To secure their information assets, banks must implement a cross-channel, multilayered approach that extends beyond technology. |
Wall Street & Technology November 21, 2006 |
Ready for FFIEC A new report from Boston-based Aite Group shows that the financial services industry is geared up for the Federal Financial Institutions Examination Council's end-of-year deadline for outlining a plan for stronger online authentication. |
Bank Systems & Technology June 24, 2008 Paula Damiano |
Biometrics: The End of Authentication as We Know It? Biometrics -- the science of identifying individuals by their unique physical traits -- always has been cutting-edge technology. But practical for the banking industry? Not so much. |
Bank Technology News April 2005 John Adams |
The Cost of Doing Business The debate over multi-factor authentication for electronic transactions is growing louder, and many say industry-wide use is virtually inevitable for banks. So why is almost nobody doing it? |
OCC Bulletin September 2, 2004 |
FFIEC Information Technology Examination Handbook Description The Federal Financial Institutions Examination Council (FFIEC) has issued two booklets that provide updated guidance on information technology operations and wholesale payment systems. |
Bank Systems & Technology January 4, 2010 Penny Crosman |
As Small Business Online Banking Fraud Grows, So Do Efforts to Curb It Password controls, stronger authentication and customer PC security scans among the measures that can help defend against online banking fraud. |
InternetNews November 3, 2006 Ed Sutherland |
FBI: Twilight For Bank Phishermen U.S. and Poland hackers had targeted a major financial institution. |
Bank Systems & Technology October 28, 2004 Ivan Schneider |
No Static at All One-time passwords mitigate online banking security risks. |
CRM December 2011 Leonard Klie |
Can Voice Biometrics Hack Computer Security? Speech technology can protect customer data against small-scale attacks. |
Bank Technology News April 1, 2008 Joe Sowerby |
ID-Theft Fears Keep Clients Off the Web Adoption of online banking is increasing, but not nearly at the rate of broadband adoption. The main reason: fear of online identity fraud. |
InternetNews June 8, 2010 |
HP System to Help Air Force Fight Cyber Threats HP's won a contract for a Cyber Control System that will help the Air Force gather strategic information and identify cyber threats. |
Bank Technology News June 2004 Karen Krebsbach |
Firms Flirt with Out-of-Band Authentication Banks weigh whether this cumbersome technology is worth the bother for consumers, particularly for on-line banking. |