<\/p>\n
After all the talk and through all the confusion, the first As George Turbin mentions in his interview with BankInfo Although the size and challenges may differ from one financial <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" After all the talk and through all the confusion, the first test to see if your company is fulfilling the new FFIEC compliance regulations is finally here. Financial institutions and other companies alike have been preparing for this moment for<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40,35,37],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4740"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4740"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4740\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ntest to see if your company is fulfilling the new FFIEC
\ncompliance regulations<\/a> is finally here. Financial institutions and other
\ncompanies alike have been preparing for this moment for months now. Larger
\norganizations were not nearly as threatened by this test as some of the smaller
\nones due to resources. Thats not to say its easy for everyone, companies of
\nall sizes dealt with the challenges in their own way. Different threats, means
\ndifferent solutions.<\/p>\n
\nSecurity<\/a>, smaller institutions do not have the same percentage of online
\ncustomers as bigger banks, therefore decreasing their risk to some level. <\/span>As more and more banks enter the online
\nspace, the risk of ID theft<\/a>
\nincreases significantly. Businesses need to do all they can to make sure that
\nthey do not just have a plan, but that they are going to implement the plans and
\nmeasure the results. Fraud
\nprevention<\/a> is something that needs to be taken very seriously because more
\noften than not, companies learn to care the hard way. Prevention is always
\neasier than restoration.<\/p>\n
\ninstitution to the next, one thing is certain – ID
\nverification<\/a> is not enough. The key to a strong fraud prevention foundation
\nlies in the ability to confirm, or authenticate identity. With the increased
\naccessibility to a customers personal information, it has become incredibly
\neasy for hackers and thieves to find and use this information to commit
\nfraudulent activity. ID
\nauthentication<\/a> helps to protect from these threats and adds to the extra
\nlayer of fraud
\nprevention<\/a> needed to pass your first test with a gold star.<\/p>\n