Federal Financial Institutions Examination Council

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Federal Financial Institutions Examination Council

A federal interagency body (www.ffiec.gov) that establishes uniform standards and reporting requirements for the examination and auditing of financial institutions supervised by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.

References in periodicals archive ?
CU Times and ERM Security released an NCUA IT Audit Survival Guide in September that addresses FFIEC and other regulatory requirements for credit unions.
ComplianceRisk3D pulls together all of the FFIEC cited guidance, and other relevant materials, reducing the burden on Leadership and facilitating a process to identify defensible institutional results.
Currently, a number of companies are indeed developing hybrid products--some of which were in development prior to the FFIEC announcement and now are likely to be specifically tailored to address the concerns of both the federal agencies and clients.
In requiring the use of two-factor authentication, the new FFIEC guidelines are taking square aim at the preponderance of phishing scams, online fraud, hacking and identify theft that prey on the trust or naivete of customers and exist on the periphery of legitimate online banking initiatives.
The FFIEC statement also said institutions that are victims of cyber attacks involving extortion are encouraged to inform law enforcement authorities and notify their primary regulator(s).
While its security meets FFIEC guidance requirements, Green Armor also delivers unparalleled ease of use.
After announcing the development, the company said that member agencies of the FFIEC have directed examiners to formally assess financial institutions under the authentication supplement, from January 2012.
The FFIEC guidance, Authentication in an Internet Banking Environment, was published in an effort to reduce online banking fraud.
BOSTON -- Trusteer, the leading provider of cybercrime prevention solutions, today announced that the Treasury Department Federal Credit Union (TDFCU) has selected Trusteer Rapport to meet the new FFIEC security guidelines for online banking security and protect its members from malware aimed at stealing funds and personal information.
The FFIEC has released mortgage lending transaction data pertaining to 7,062 financial institutions covered by the Home Mortgage Disclosure Act, the council announced Tuesday.
10, 2012 /PRNewswire/ --Guardian Analytics, the market leader in behavioral analytics-based fraud prevention solutions, announced today the release of its Anomaly Detection Toolkit to help financial institutions successfully address the minimum expectations for layered security outlined in the FFIEC Supplement to the Authentication in an Internet Banking Environment.
com)-- Information Security Media Group, publisher of BankInfoSecurity, announces the launch of its first Resource Center: FFIEC Authentication Guidance, a microsite dedicated to providing in-depth news and views on the issues surrounding the pending online authentication guidance from the Federal Financial Institutions Examination Council.