(Length: 3 pages)

May 5, 2006

The State Of FFIEC Compliance: Indecision And Worry

But Consolidation Will Bring Clarity To The Industry's Ultimate Direction

by Jonathan Penn

with Martha Bennett, Sarah Bernhardt

Executive Summary (This is a document excerpt)

At the half-way point toward the deadline for FFIEC compliance, most banks have not yet acted on selecting, much less implementing, solutions to strengthen online authentication. When it comes to picking a technology to improve online security, banks are reluctant to pull the trigger because they are cautious about making changes to the customer's online experience, concerned about the effectiveness and uncertainty of new technologies, and worried about the viability and support capabilities of new vendors. RSA Security, with its recent acquisitions of Cyota and PassMark, is now the leader in this market, with VeriSign and Entrust the strongest contenders at this time. To capitalize on the short-term opportunities and compete effectively against RSA, we will see a flurry of acquisitions, and the market will move toward solutions that coordinate risk monitoring with strong authentication.

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This document falls under the following categories. Click on a link below to find similar documents.
Analyst: Jonathan Penn
Technology: Authentication, Authorization, & Audit, Directory Services, Identity & Access Management, Security & Risk
Industry: Corporate Banking, Financial Services, Financial Services Regulations, Retail Banking
Geography: North America

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