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 FRB'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.
Provide a Risk Assessment and Controls Evaluation to your commercial customers to help them perform a simple assessment of their e-banking security practices.
A printable Microsoft Word document is available, as well as an interactive web application. Source code for the interactive web application is provided so you can embed the assessment into your organization’s existing website.
Review visual representations of your internet banking risk assessments on each assessment’s dashboard.
Evaluate useful insights into your risk assessment data, as well as a series of reports, designed to ensure your assessment does not contain any missing or incomplete data.
Generate consistent and professional documents effortlessly to share with your senior management, board of directors, auditors, and examiners.
Download a summary document to provide a compilation of the data across all of your internet banking risk assessments, or export each individual risk assessment, as needed. These customizable documents are available in Microsoft Word and Adobe PDF formats.
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: