Passwords and Tokens and Pictures, Oh My: Are You Ready for Multifactor Authentication?

This Financial Insights NewsFlash gauges initial industry response to the recent Federal Financial Institutions Examination Council (FFIEC) guidance on multifactor authentication. According to this guidance, Authentication in an Internet Banking Environment, financial institutions must use effective methods to authenticate the identity of customers using their products and services, potentially multifactor authentication.

According to Karen Massey, senior analyst, Consumer Banking and Credit, "Banks and vendors alike are struggling to understand the applicability of the mandate to their universe as they create a plan of action to either become compliant or offer a compliant solution by the end of 2006."

Related Reports IBC 2009: Civolution Marks Thomson STS Watermarking Assets for Takeover (Show Update) Current Analysis Inc. - 7/23/2009 Best Practices: A Citi Case Study on Utilizing Identity Frameworks and Standards IDC - 4/25/2009 Dynamic Signature Verification Global Industry Analysts - 4/1/2009 The 2009 Report on Authorization and Authentication Software: World Market Segmentation by City Icon Group International, Inc. - 1/5/2009 World Public Key Infrastructure (PKI) Certificates and Management Market Frost & Sullivan - 12/4/2008 VeriSign and TrustBearer Align to Give PKI Smart Card Technology a Broader Reach into the Strong Authentication Market IDC - 11/19/2008 World Dynamic Signature Verification Markets Frost & Sullivan - 3/21/2008 Digital Signatures in Mobile Commerce Mind Commerce Publishing - 3/1/2008

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