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FFIEC Compliance

Get Compliant with the Federal Financial Institutions Examination Council, at a price that fits your budget and needs.

Federal Financial Institutions Examination Council

The Federal Financial Institutions Examination Council is an inter-agency set out to dictate policies, standards, and report forms for the scrutiny of financial institutions by the Board of Governors of the Federal Reserve Board, the Federal Deposit Insurance Corporation, National Credit Union Administration, the Office of the Comptroller of Currency, and the Office of Thrift Supervision.

In a 2005 Guidance entitled Authentication in an Internet Banking Environment , the FFIEC said "the agencies consider single-factor authentication, as the only control mechanism, to be inadequate for high-risk transactions involving access to customer information or the movement of funds to other parties."