Last October, a relatively obscure government body called the Federal Financial Institutions Examination Council, or FFIEC, issued what it called guidance but which looks much like a mandate. Starting in January 2007, financial institutions must provide consumers of online financial services with the same security protection enjoyed by customers buying groceries or gas with a debit card: strong authentication.<\/p>\n","protected":false},"excerpt":{"rendered":"
And on the surface it appears that forcing banks to add a second factor of authentication could improve the well-documented, rapidly deteriorating state of online security. It’s not clear, for example, that a second factor will significantly reduce “modern” risks; we could be preparing for the next war by planning for the last one.<\/p>\n
It’s also unclear if financial companies can balance the cost of scaling two-factor authentication for the masses versus the benefit of whatever risk reduction it might provide.<\/p>\n
The FFIEC guidance is the latest incarnation of a security truism: Threats don’t disappear, they migrate, or else over time they mutate to overcome the defenses deployed against them.<\/p>\n
http:\/\/www.csoonline.com\/read\/020106\/second_thoughts.html<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-343","post","type-post","status-publish","format-standard","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=343"}],"version-history":[{"count":1,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/343\/revisions"}],"predecessor-version":[{"id":2830,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/343\/revisions\/2830"}],"wp:attachment":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}