MFA Readiness Assessment

Presented by:
William J. Nowik, CISA, CISSP - IT Assurance Senior Manager

The Agencies are concerned that customer/member authentication methods and controls implemented in conformance with the Guidance several years ago have become less effective.  Hence, the institution and its customers may face significant risk where periodic risk assessments and appropriate control enhancements have not routinely occurred.  In addition, rapidly growing organized criminal groups have become more specialized in financial fraud and have been successful in compromising an increasing array of controls.  To be compliant with federal and state regulations, financial institutions are required to perform a risk assessment over Internet Banking authentication for those systems that are accessed over the internet by retail and/or commercial customers, at least every twelve months and implement appropriate layered security and multifactor authentication controls to mitigate risks in the internet banking environment. This session will discuss this new guidance and cover what your institution can do in order to comply.

Who should attend?
Compliance Officers, Risk Officers, Internal Auditors, Chief Operation Officers, Chief Information Officers, IT Management, Information Security Officer

About Wolf & Company's Webinar program:
Clients receive complimentary access to our webinar service designed to give you insight into the issues for financial institutions.  If you are not a client, but are interested in this topic, we are happy to schedule an appointment. Please contact Ashley Sullivan, Wolf & Company's Events & Educational Programming Coordinator, at 617-261-8148 or asullivan@wolfandco.com.