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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 745 |
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For example, in October 2005, the Federal Financial Institutions Examination Council (FFIEC) updated their guidance, "Authentication in an Internet Banking Environment," to take into consideration the many legal and technical changes pertaining to the protection of client data, increased number of theft and fraud cases and enhanced authentication technologies...
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The guidance addresses the need for risk assessments, customer awareness and risk mitigation strategies. The guidance provides financial institutions with guidance on authentication and addresses suitable risk assessments, client authentication, validation of new clients, as well as tracking and reporting...
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