FFIEC compliance and two-factor authentication: A crash course

Two-factor authentication isn't the only means to achieve compliance with the FFIEC's two-factor authentication mandate, and the technology is far from foolproof. This crash course will help you understand what two-factor authentication can and can't do, and the alternatives to FFIEC compliance.

Financial institutions offering online banking are facing a looming end-of-year deadline to comply with the Federal Financial Institutions Examination Council's (FFIEC) mandate to implement two-factor authentication. If your financial customers haven't complied yet, there's an opportunity for you to keep busy through the holidays. Before you give your customers a call, peruse the two-factor authentication resources we collected here with the FFIEC mandate in mind. It's important that you -- and your customers -- understand that two-factor authentication isn't the only means to achieve compliance and it's far from foolproof.

This was last published in April 2007

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