
FFIEC Guidelines - Layered Security: How Much Is Enough?
How Strong Is Your Institution's Security Strategy?
In a digital era where the list of threats banks face is growing every day, it's clear that no single solution can provide all the protection a bank needs...But how much is "enough" when it comes to layered security? Fortunately, the FFIEC has provided excellent guidelines on how to create a layered security system that will keep your bank safe and compliant. However, these guidelines are a bit tricky to interpret, and you're not alone if you still have questions.
ACH Alert has composed a white paper putting the FFIEC guidelines on layered security into easy-to-grasp terms and real-life situations.
Key Topics Include:
- How many controls are enough and what do examiners expect?
- What two elements does the FFIEC require in every security system?
- Is detecting and reporting anomalies the responsibility of the financial institution?
- How can financial institutions satisfy customers while still maintaining compliance?