IT_Security

  Financial institutions manage some of the most sensitive data in the business world, including customer financial records, payment information, employee credentials, and privileged access to critical banking systems. As digital banking, cloud applications, remote work, and third-party integrations expand, controlling who can access these resources—and verifying that they are authorized to do so—has become a critical security and risk-management priority. The FFIEC Authentication and Access to Financial Institution Services and Systems Guidance provides risk-management principles and practices that financial institutions can use to evaluate authentication, access controls, and related security risks. However, implementing multi-factor authentication (MFA) alone may not address every identity-related risk. Banks and credit unions also need visibility into user accounts, privileged permissions, third-party access, service accounts, access changes, and the effectiveness of existing ...