Podcast: What is FFIEC compliance?
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Podcast: What is FFIEC compliance?


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In this WhatIs.com podcast, you'll learn about this attempt to modernize existing banking practices in the context of new online threats like phishing. To learn more about FFIEC compliance, Assistant Site Editor Alex Howard interviewed Patrick Audley, the CTO of risk adaptive software provider Cogneto.

In this podcast, you will learn the answers to the following questions:

  • How does implementation of FFIEC recommendations change the ways that customers use a bank?
  • What’s the difference between single factor and multiple factor authentication? What is a factor in authentication?
  • Under FFIEC guidance, is a fingerprint or iris scanner or voice recognition system sufficient authentication?
  • How is dynamic reporting being used to decrease the incidence of fraud What is realtime risk analysis?
  • Are there any penalties for non-compliance?
  • Where are the majority of funds stolen in phishing attacks?

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Learn more about FFIEC compliance guidelines
Download presentations from Financial Information Security Decisions 2009: Download a number of the compelling presentations from the 2009 Financial Information Security Decisions conference.
FTC Red Flags Rules: How to create an identity theft prevention plan: Under FTC's Red Flags Rules, all financial institutions and creditors with covered accounts are required to create an identity theft prevention plan.
Vendor audit and monitoring contractual rights: Third-party contracts must include vendor auditing and vendor monitoring rights.
Vendor contract management: Regulatory guidance is risk-based: Financial-services firms are subject to many requirements for managing vendor information security risks by contract. Learn how regulatory guidance is risk-based.
How AML compliance applies to remote deposit capture: Financial institutions rushing to deploy remote deposit capture (RDC) need to consider how the Bank Secrecy Act and anti-money laundering regulations apply to the technology.

LAST UPDATED: 17 Jan 2008

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RELATED GLOSSARY TERMS
Terms from Whatis.com − the technology online dictionary
FFIEC compliance  (SearchFinancialSecurity.com)
FFIEC compliance is conformance to a set of standards for online banking issued in October 2005 by the Federal Financial Institutions Examination...
remote deposit capture (RDC)  (SearchFinancialSecurity.com)
Remote deposit capture (RDC) is a system that allows a customer to scan checks remotely and transmit the check images to a bank for deposit, usually...




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