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Updated Regulatory Guidance For Authentication In An Internet Banking Environment: A New Standard Of Care?
On June 29, 2011, the Federal Financial Institutions Examination Council (the "FFIEC"), a federal interagency body empowered to prescribe uniform standards of supervision for banks and credit unions, issued new guidance (the "FFIEC 2011 Supplement") updating the FFIEC's minimum supervisory expectations "regarding customer authentication, layered security, and other controls in an increasingly hostile online environment."
United States
19 Jul 2011
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