FFIEC Compliance Drives Security Upgrades at Credit Unions, Banks

STAMFORD, Conn. — Complying with FFIEC regulations has indeed been prompting credit unions and banks to upgrade consumer-facing security, according to a survey of 50 institutions conducted by Gartner (www.gartner.com) late last year. The financial institutions ranged in size from $2 billion to more than $150 billion in assets, the research and advisory firm says, adding that size did not notably affect compliance rates.