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Penalties For Not Complying with Recent FFIEC Guidance

Question: 
What are the penalties for not complying with the October 2005 FFIEC Guidance, "Authentication in an Internet Banking Environment?"
Answer: 

The Guidance is not clear regarding specific penalties. This could leave open the option for a cease-and-desist against electronic banking activities.

Vendor: 

First published on 01/15/2007

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