How does Safe2Login conform to the recent FFIEC guidance for internet banking?
Safe2Login is a multi-factor authentication system. The FFIEC guidance references the need to use multi-factor authentication technology, “to authenticate the identity of retail and commercial customers accessing Internet-based financial services.” This new directive “comes as online fraud scams, such as identity theft, phishing, and pharming, are plaguing growing numbers of financial institutions and their customers/members.” Multi-factor authentication, when used alone, addresses customer identity realities but does not adequately address the increased threats of phishing and pharming. In addition to providing multi-factor authentication, Safe2Login employs additional technologies that differentiate a spoofed financial banking server from a valid server and help to combat phishing and pharming. In addition to providing multi-factor authentication, Safe2Login is also a mutual authentication system. As stated in the FFIEC “Authentication in an Internet Banking Environment” guidance doc
Safe2Login is a multi-factor authentication system. The FFIEC guidance references the need to use multi-factor authentication technology, “to authenticate the identity of retail and commercial customers accessing Internet-based financial services.” This new directive “comes as online fraud scams, such as identity theft, phishing, and pharming, are plaguing growing numbers of financial institutions and their customers/members.” Multi-factor authentication, when used alone, addresses customer identity realities but does not adequately address the increased threats of phishing and pharming. In addition to providing multi-factor authentication, Safe2Login employs additional technologies that differentiate a spoofed financial banking server from a valid server and help to combat phishing and pharming. In addition to providing multi-factor authentication, Safe2Login is also a mutual authentication system. As stated in the FFIEC “Authentication in an Internet Banking Environment” guidance doc
