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

The Office of the Comptroller of the Currency (OCC), along with the other Federal Financial Institutions Examination Council (FFIEC) members, issued guidance this week addressing authentication and access to financial institution services and systems.

The cybersecurity threat landscape continues to present significant risks to financial institutions, reinforcing the need for financial institutions to effectively authenticate and control access for users and customers to protect information systems, accounts, and data. The FFIEC guidance provides risk management principles and practices that support a financial institution's authentication of (1) users accessing financial institution information systems, including employees, board members, third parties, and other systems, and (2) consumer and business customers accessing digital banking services.

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