White Papers for Federal Financial Institutions Examination Council (FFIEC)

Implications of FFIEC Guidance and Proposed Solutions

Entrust

The recent FFIEC guidance requiring banks to implement some form of stronger authentication to protect highly sensitive transactions and external transfers by year-end 2006 has had the positive effect of mobilizing the banking industry and security vendors to search for effective solutions.
However, it has also caused concern and some confusion among Financial Institutions and security vendors as to what type of approaches will be effective and approved by the FFIEC.Financial Institutions have legitimate concerns concerning the effectiveness and customer impact of various proposed solutions currently being discussed in the marketplace.

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