Government ID, Smart Cards, Identification and Authentication

Experts weigh in on bank responses to FFIEC guidelines

Saturday, January 7, 2006

Financial houses strengthen authentication with challenge questions, phone authentication and other means of outsmarting hacker sleuths

Bank of America’s answer to the new federal guidelines isn’t a biometrics apparatus that detects a legit banker’s paw print or a hardware token that generates passwords on the fly. For now, it’s much simpler.

There are 1253 words in the rest of this article …

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In light of the recent data breach at Citibank and the hack at the International Monetary Fund, Gemalto has commented on its blog about what the Federal Financial Institutions Examination Council (FFIEC) should consider as it plans to release a new set of guidelines regarding bank authentication processes.

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