Financial Institution Letter

FFIEC Supplement to Authentication in an Internet Banking Environment FIL-50-2011

June 29, 2011




Summary: The FDIC, with the other FFIEC agencies, has issued the attached guidance, which describes updated supervisory expectations regarding customer authentication, layered security, and other controls in an increasingly hostile online environment. Financial institutions will be expected to comply with the guidance no later than January 1, 2012.

Statement of Applicability to Institutions with Total Assets under $ 1 Billion: This Financial Institution Letter applies to all FDIC-supervised institutions offering online banking services.


Suggested Distribution:

FDIC-Supervised Banks (Commercial and Savings)

Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2011/fil11050.html

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