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Financial Institution Letters

Authentication in an Internet Banking Environment
Frequently Asked Questions
FIL-77-2006
August 21, 2006


Summary: The Federal Financial Institutions Examination Council (FFIEC) has published the attached frequently asked questions (FAQs) to assist financial institutions and their technology service providers in conforming with the FFIEC guidance entitled Authentication in an Internet Banking Environment.

Highlights:
  • On October 12, 2005, the FFIEC issued guidance on Authentication in an Internet Banking Environment (see FDIC FIL-103-2005).
  • The FFIEC has published the attached FAQs to assist financial institutions and their technology service providers in conforming with the guidance.
  • The FAQs are divided into seven areas and include answers to questions concerning:
    • the scope of the guidance,
    • the time frame for compliance,
    • definitions,
    • risk assessment,
    • customers,
    • technology service providers, and
    • the appendix.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Chief Information Security Officer

Related Topics:
FIL-103-2005, "Authentication in an Internet Banking Environment," issued on October 12, 2005

Attachment:
Frequently Asked Questions on Authentication in an Internet Banking Environment - PDF 29k (PDF Help)

Contact:
Senior Policy Analyst Jeffrey Kopchik at jkopchik@fdic.gov or (202) 898-3872, or Senior Technology Specialist Robert D. Lee at rolee@fdic.gov or (202) 898-3688

Printable Format:
FIL-77-2006 - PDF 38k (PDF Help)

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington VA 22226 (1-877-275-3342 or 703-562-2200).


Last Updated 8/21/2006 communications@fdic.gov