| Market Needs
Online and mobile banking - Financial accounts are ripe targets for online thieves, evidenced by the fact that nearly 90% of phishing attacks target the financial services industry according to the Anti-Phishing Working Group. Such threats to online banking has compelled the Federal Financial Institutions Examination Council (FFIIEC) to issue guidance to banks recommending the use of two factor authentication such as biometrics when conducting business with customers online. |
Employee access – When banks and financial institutions grant employees access to customers’ financial accounts, they also present the risk of exposure. IT managers in the financial services industry are being pressured to complement higher security with greater convenience and productivity for employees who are often required to use complex passwords for various applications. Regulations such as Gramm-Leach-Bliley and Sarbanes-Oxley in the US are requiring financial institutions to implement stricter access control to customer data, encryption of data, and audit trails of data and network access.
Solutions for CIOs & IT Managers
Solutions for Software Developers
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