Moving Beyond “Compliance Think” in Online Banking Security
Francois Lasnier at Bank Info Security blogs that a change is happening in the security of online banking. In October 2005, the FFIEC provided guidance requiring the banking industry to provide stronger security controls to ensure the safety of online transactions. This set in motion a flurry of changes, but the effort has not been able to keep up with the ever-increasing sophistication of online threats. The time has come for stronger security, but the focus needs to be protecting end users — not simply meeting compliance requirements.
