Personal information of more than 500,000 clients was stolen through online banking access from Wachovia and Bank of America. What can the CSO do to counter these thefts and to make the customers online banking experience secure?

By the end of 2006 all US financial institutions have to improve their online banking security measures to comply with an FDIC initiative. Compliance with this initiative will require institutions with online financial transactions to have more than one way of authentication.

This process involves more than one step of customer identity verification. Verification that is necessary as a countermeasure to identity theft. What are the additional cost factors to this multi-layered verification process? Do the costs outweigh the risks of not having additional verification measures in place?

In a Xtalks Web Conference on Friday, July 28, 2006, from 1:00pm 3:00pm EDT., Michael L. Jackson, Technology Supervision Branch, Associate Director, Division of Supervision and Consumer Protection, FDIC, Dave Cullinane, CISSP, Chief Information Security Officer, Washington Mutual and President ISSA, Brad Keller, Vice President, eCommerce Business Risk Manager, Wachovia Corp, and Corey ODonnell, Vice President of Marketing, Authentium will discuss authentication requirements in online banking security and ways to guard against identity theft.

Related links: (Open in a new window.)
xtalks.com/bankingSecurity.ashx
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