FFIEC Releases New Guidance
WASHINGTON-The Federal Financial Institutions Examination Council (FFIEC) has released updated guidance on the risks and risk management controls necessary to authenticate the identity of customers accessing Internet-based financial services. The guidance, "Authentication in an Internet Banking Environment," was issued to reflect the many significant legal and technological changes with respect to the protection of customer information, increasing incidents of identity theft and fraud, and the introduction of improved authentication technologies and other risk mitigation strategies. The guidance, which replaces the FFIEC's Authentication in an Electronic Banking Environment issued in 2001, does not endorse any particular technology.
For info: www.ffiec.gov.
2 More Scholarships Available
MADISON, Wis.-The CUNA Marketing and Business Development Council said two extra scholarships (for a total of eight) are available for its annual conference, and it has also increased the dollar amount awarded on its school-related scholarships. For details: www.cunamarketingcouncil.org, and click on the "Scholarships" link located in the "Events" pull down menu.
Governor To Run In Texas Twister
AUSTIN, Texas-Texas Gov. Rick Perry said he will participate in the 2nd Annual Credit Union Texas Twister 10K Run/Walk, Kids K and Team Challenge. The run will be held Oct. 30, 2005, in Austin. It benefits the Children's Miracle Network and local children's hospitals. The inaugural run raised $50,000 for CMN. This year, a portion of the donations will benefit the hurricane relief efforts.
SECU Buys Building, 9-Acre Site
RALEIGH-State Employees' Credit Union has purchased a 52.416-square-foot building here on 9.1 acres for approximately $5.5 million. SECU said it will use the building as an operations center at which up to 300 employees will work. Those employees currently reside in four other operations centers in the region. The building had previously been used by Fidelity Investments.