The Federal Financial Institutions Examination Council
(FFIEC), noting that security threats continue to mount, has supplemented its 2005
guidance on authenticating the identity of customers who access their
financial accounts online. The supplement addresses minimum authentication
by Michael B. Raines
and Jeffrey E.
Last week, the Federal Financial Institutions Examination
Council ("FFIEC") issued proposed risk management guidance regarding the use of
social media by financial institutions, including banks, credit unions, and
non-bank entities supervised...