FFIEC Compliance (Federal Financial Institutions Examination Council)
FFIEC is a government agency responsible for setting consistent guidelines and uniform principles and practices for financial institutions. FFIEC compliance was implemented in 2005. This compliance law impacts financial institutions with online banking systems. FFIEC compliance states that multi-factor authentication must be installed. This can be in the form of a key card, biometric or iris scan or even facial recognition. It also calls for advanced encryption methods and layered security, among a whole slew of standards that aim to drive towards a better risk assessment.
Our services for FFIEC compliance
Our comprehensive security risk assessment methodology using our SECURITY 2.0: {REACTIVE . PROACTIVE . COUNTERACTIVE} framework and a DEFENSE IN DEPTH 2.0 methodology, considers FFIEC compliance requirements in depth while assessing financial institutions. Some of our services that include FFIEC compliance requirements are:- FFIEC Gap Assessment
- Security Risk Assessment (NIST CSF or ISO/IEC 27001 based)
- Information security program improvement
- Creation of policies and procedures
- Security Awareness training