Articles

FFIEC Issues Guidance on Authentication & Access to Financial Institution Services & Systems

November 16, 2021 - 9 min read

On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC) on behalf of its members1 issued guidance titled, Authentication and Access to Financial Institution Services and Systems (the Guidance) to provide financial institutions with examples of effective risk management principles and practices for access and authentication. These principles and practices address business and consumer…

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FFIEC Issues Statement on Cloud Computing Services

August 19, 2020 - 2 min read

On April 30, 2020, the Federal Financial Institutions Examination Council (FFIEC) on behalf of its members issued a statement to address the use of cloud computing services and security risk management principles in the financial services sector. Security breaches involving cloud computing services highlight the importance of sound security controls and management’s understanding of the…

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