On June 28, 2011, the FFIEC issued a supplement to the Authentication in an Internet Banking Environment guidance released in October 2005. The purpose of the supplement is to reinforce the guidance's risk-management framework and update the FDIC, OCC, NCUA, and Federal Reserve’s (collectively, the Agencies’) expectations regarding customer authentication, layered security, or other controls in the increasingly hostile online banking environment.
CoNetrix has developed an online software to help financial institutions (i.e., banks, credit unions, savings associations, etc.) go through the risk assessment process and provide customer awareness and education. The tandem Internet Banking Security Program is a stand-alone software module integrated with the tandem Security & Compliance online software.
The program is divided into two components:
In addition, the tandem Internet Banking Security software will provide you with account takeover (ATO/CATO) template documents to assist in your annual reporting to the board and documenting of incident response procedures.
The CoNetrix tandem Internet Banking Security Program software is feature-rich, including: