Transcription of Authentication in an Internet Banking Environment
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Federal Financial Institutions Examination Council 3501 Fairfax Drive Room 3086 Arlington, VA 22226-3550 (703) 516-5588 FAX (703) 516-5487 Authentication in an Internet Banking Environment Purpose On August 8, 2001, the FFIEC agencies1 (agencies) issued guidance entitled Authentication in an Electronic Banking Environment (2001 Guidance). The 2001 Guidance focused on risk management controls necessary to authenticate the identity of retail and commercial customers accessing Internet -based financial services. Since 2001, there have been significant legal and technological changes with respect to the protection of customer information;2 increasing incidents of fraud, including identity theft; and the introduction of improved Authentication technologies.
2 single-factor authentication is inadequate, financial institutions should implement multifactor authentication, layered security, or other controls reasonably calculated to mitigate those risks.
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United Nations Security Council Resolution 1325, Security Council Resolution 1325, Security, Provisional Programme of Work of the Security, Provisional Programme of Work of the Security Council, HEALTH & SECURITY PLAN 125 BARCLAY, METRO POLICE EMERGENCY SERVICES SECURITY, Provisional calendar of fao/ifad, Wfp governing bodies and other