Ballard Spahr Alert: FFIEC Updates Authentication Guidelines for Digital Banking Services

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 requirements, specific...

FFIEC Proposes Social Media Guidance

by Michael B. Raines and Jeffrey E. Jamison 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...