From: BankInfoSecurity.com
Guidance Sets Bar for Bank Examiners’ Evaluations of Mobile Services
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Unlike the authentication update added to the FFIEC’s IT Examination Handbook back in June 2011, which was criticized for not including enough details and specific recommendations, this new guidance aimed at mobile transactions is extremely detailed.
The 18-page Appendix E: Mobile Financial Services, which is an addition to the Retail Payments Systems booklet, precisely spells out steps banking institutions need to take to ensure that their mobile offerings are secure.
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