FFIEC Assessment & Penetration Test
FFIEC compliance is conformance to a set of standards for online banking that require multifactor authentication because single-factor authentication has proven inadequate against the tactics of increasingly sophisticated hackers.
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Cybersecurity Vulnerabilities Continue to Increase
The need for cybersecurity standards and best practices that address interoperability, usability and privacy continues to be critical for the nation. FFIEC guidelines require that encryption be used in all online transaction processing done by financial institutions.
– Data from FFIEC