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Banking Information Technology (B.I.T.)
April 5, 2005  
Banking Information Technology (B.I.T.)
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The FFIEC has issued guidance, “Authentication in an Internet Banking Environment,” for banks offering Internet-based financial services. The guidance describes enhanced authentication methods that regulators expect banks to use when authenticating the identity of customers using their on-line products and services. Examiners will review this area to determine a financial institution’s progress in complying with this guidance during upcoming examinations. Financial Institutions will be expected to achieve compliance with the guidance no later than year-end 2006.

Technology Headlines:

April 4, 2005

Digital Lightwave has added a 10Gbps jitter and wander analysis to their existing Network Information Computer products

 ...full story

March 30, 2005

Sun Microsystems has embraced IM with a new release of Sun Java System Instant Messaging

 ...full story

March 23, 2005

Dell's new Data Center Environment Assessment helps customers optimize technology surroundings

 ...full story

March 18, 2005

IBM will manage the bank’s technology infrastructure

 ...full story

March 16, 2005

The technology giant completed the acquisition seven weeks after reach a definitive agreement to purchase the company

 ...full story

 ...full story

December 14, 2004

This study, published on December 14, 2004, presents the FDIC's findings on unauthorized access to financial institution accounts and how the financial industry and its regulators can mitigate these risks.

 ...full story

April 1, 2005

The FFIEC agencies are jointly issuing the attached interpretive guidance for financial institutions to develop and implement a response program designed to address incidents of unauthorized access to sensitive customer information maintained by the financial institution or its service provider.
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