Multifactor Authentication for FFIEC Compliance
Out-of-Band Authentication and Encrypted One-Time Passwords
The Federal Financial Institutions Examination Council (FFIEC) says online financial institutions must adopt multifactor authentication and multiple layers of authentication to protect against increasingly sophisticated Internet threats.
Confident Technologies provides multifactor authentication solutions that deliver a one-time password encrypted within an image-based authentication challenge displayed on the user’s mobile phone. The user must correctly solve the image-based challenge to complete the out-of-band authentication. In this way, the online institution can verify that it is truly the legitimate user in possession of the second factor.
Because the user must apply their knowledge of their secret categories on the second factor device itself, Confident Multifactor Authentication provides a multi-layered, multifactor authentication solution.
Click here to read more on how Confident Multifactor Authentication can help with FFIEC compliance.
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