FFIEC Supplement to Authentication Guidance


Presented by: Paul Carrubba and Dan Fisher

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The FFIEC has published a Supplement to the 2005 Guidance entitled "Authentication in an Internet Banking Environment." All financial institutions are expected to comply with this new Guidance beginning in January 2012 when the examiners have been directed to formally assess financial institutions under the enhanced expectation outlined in the Supplement.The supplemental guidance significantly raises the bar pertaining to the responsibilities an institution has in regard to the measure that need to be taken to protect the customer and their data when it comes to using the internet. Simply stated, the FFIEC makes it clear that the financial institution is in the best position to protect the customer and is expected to take appropriate action and employ relevant technology supported with other measures to do so.

This Webinar will assist your organization in understanding the requirements of the Guidance and will aid your organization in developing an updated security process to implement and comply with the new requirements. The Webinar will also address the following:

  • Case Law and Legal Implications of the New Guidance;
  • Background on the 2001 and 2005 Guidance;
  • How your current process and procedures will be the foundation for compliance.
  • Complying with the Agencies' Expectations
    • Risk Assessments
    • Authentication for Retail/Consumer Banking and Business/Commercial Banking
  • Layered Security Programs, the effectiveness of the various programs, and the ease or complexity of implementation of each;
    • Designing an up-to-date security program
    • Developing monitoring approaches (similar to credit card fraud monitoring)
    • New technologies and methods of authentication.
  • Detection and response to suspicious activity;
  • Vendor Assessments;
  • Customer Awareness and Education
    • Reg E Protection for Consumers
    • Customer risk Assessment
    • Customer Risk Control Mechanisms
  • Customer Agreements - What Should be in Your Agreement

  • About the Speakers: Paul Carrubba is an attorney with the law firm of Adams and Reese LLP. His primary focus is on Banking Law and legal issues dealing with payment system fraud. He is a member of the faculty of the Alabama School of Banking and the BAI's Graduate School of Bank Operations and Technology. Mr. Carrubba is the author of five books including: Revised UCC Article 3 and 4, A Banker's Guide to Checks and Principles of Banking.

    Dan Fisher is President and CEO of The Copper River Group offers consulting and research services to the financial industry with an emphasis on payments systems, information and technology strategies for independent community banking organizations.

    Dan has been in technology and banking for over 30 years. He has been a director of the Federal Reserve Bank of Minneapolis, Chairman of the ABA Payments Committee, a member of the ICBA Payments Committee and participated in the industry effort with the Federal Reserve that ultimately succeeded in the passage and implementation of the Check-21 legislation.

    He has authored or co-authored six books and has written numerous articles and white papers on technology, operations and the payments system. His most recent book titled, Capturing Your Customer, focused solely on Remote Deposit Capture.

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    CD-ROM Includes:
    • Complete presentation (including slides and audio)
    • Written Materials
    • Follow-up Q & A
    You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

    This program was recorded in its entirety in November 2011. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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    • Model: cd_ffiec1111
    • Manufactured by: Glia Group, Inc.

    This product was added to our catalog on Monday 19 September, 2011.

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