FFIEC News

Spokane Teachers CU Deploys Comodo Two Factor Authentication Solution To Meet FFIEC Guidelines

(Feb 15, 2007) -- Spokane Teachers Credit Union has deployed Comodo's S.A.F.E. solution (Secure and Authenticated Financial Engagements) for credit unions. First stage was the successful deployment of Comodo's PKI-based Two Factor (TF) authentication solution that complies with FFIEC guidelines.

Based on strong Public Key Infrastructure (PKI), the Comodo S.A.F.E solution includes Two Factor (TF) client certificates, Content Verification Certificates (CVC's), email certificates, EV high assurance SSL certificates, HackerGuardian vulnerability scanning and certification solution, and SiteMon website continuity service. Together, this leading edge solution provides ease of deployment, cost effectiveness and a highly secure PKI platform for mutual authentication processes.

Financial institutions are under pressure to comply with Federal Financial Institutions Examination Council (FFIEC) guidelines to strengthen their mutual authentication processes for online banking transactions.

The implementation of a multifactor solution requires ease of integration, ease of adoption by credit union members and ease of configurability. With Comodo TF, Spokane can support a high-performance two- factor solution while reducing operating costs.

"We've chosen to implement an approach that leverages the best-in-breed security while maintaining the convenience and ease-of-use of our online banking system," said Danny Jones, Web Solutions Manager of Spokane Teachers Credit Union. "From a deployment perspective, Comodo's authentication system provided rapid integration with minimal rollout dependencies, which is a major advantage over any other two-factor solution we evaluated."

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