A subgroup of the Federal
Financial Institutions Examinations Council (FFIEC) is now considering
amendments to the document Authentication in
an Internet Banking Environment, guidelines for financial institutions
in the form of a whitepaper published in 2005. According to Credit
Union Info Security, although federal insiders have confirmed the
amendments, there is not yet any concrete information detailing the amendments
or when they will be released.
Industry experts give their opinions regarding the long-term
impact of revisions to FFIEC guidance in Credit Union Info Security’s
Linda McGlasson’s latest article.
Stay tuned to see more on how the id verification industry will be
affected.