Search
 
Commentary

FFIEC Guidance – A Credit Union Perspective

Onling banking vendor Q2ebanking consultant says credit unions can meet new rules.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Many industry experts have voiced disappointment regarding the FFIEC’s recently revised guidance for the security of electronic banking activities. Before we become too judgmental, we must applaud the council’s efforts to open the conversation about the increase and drastic change in cyber-security threats since its first guidance, Authentication in an Internet Banking Environment, was issued back in 2005.

As a whole, the financial services industry needs to strategically address online fraud and proper mitigation techniques, rather than continuing to overlook the elephant in the room. Institutional reputation is at stake as well as the trust of your members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.