Business signatures to help protect onlice bank transactions
Date: June 21, 2006Source: home.businesswire.com
Recent coverage in Baseline Magazine points to some of the challenges and costs associated with alternative multi-factor authentication solutions. The full article titled, "Bank of America Seeks Anti-Fraud Anodyne," can be found at http://www.baselinemag.com/print_article2/0,1217,a=178262,00.asp.
Large and mid-size financial institutions concerned with overall costs and speed of FFIEC-related initiatives should confirm with their regulators that this approach will be sufficient to pass their FFIEC compliance-related audits in early 2007. The ease of installing this kind of solution "could make it more appealing to customers than harder-to-install products from vendors, such as RSA Security Inc.," according to an American Banker article published on June 15, 2006 titled, "Security Vendors Promote Fast Installation Capability."
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