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Online Banking Security: FFIEC Deployment Experiences

Overview Facing a looming deadline for compliance with the FFIEC guidelines for stronger online authentication, banks are racing to get ready. By most accounts, the 15 month allowance given for compliance with a December 31, 2006 deadline has placed unique pressure on the project management team that is usually comprised of business, marketing, technology, operations, security and compliance officers. No one wants to risk causing a major disruption among customers during the holiday season, and a number of alternative projects are currently being put on hold to make sure the roll-out of stronger online security goes as smoothly as possible. The purpose of this paper is to gain insight into their FFIEC compliance projects which may assist other financial institutions as they begin their own FFIEC initiatives.

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Publisher
Aite Group
File Format
PDF
Date Published
May 14, 2009
Format
White Papers
Topics
Online Banking, Network Security, Security Management

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