Berkeley, CA (PRWEB) June 13, 2006
Cybermetric Systems announces the first webinar series for banks and credit unions on the new FFIEC security requirements for Quicken, QuickBooks and MS Money direct connect services.
To protect bank customers and credit union members against phishing attacks, computer fraud and identity theft the FFIEC requires two factor or multifactor (MFA) authentication be implemented by the end of 2006. In response, FI’s have focused on improving the security of online banking but other important vulnerabilities have been neglected. Full regulatory compliance must go beyond online banking to cover all access to a customers private information and the transfer of funds to other parties.
The Cybermetric Systems Webinar “Quicken, QuickBooks, MS Money, OFX and FFIEC MFA compliance” presents the information FI’s need to protect a vital channel of online interaction with their most valuable customers.
Looking at roughly 50 million users of online banking and comparing it to 25 million users of PFM (personal finance manager) and SBA (Small Business Accounting) software underestimates the importance of these customers to an FI. A recent study by Washington State Employees Credit Union produced surprising results. “The PFM user was three times more profitable,” said Ben Morales CIO WSECU.
“Not only is protecting the PFM/SBA customer essential for compliance but it is at least as important to the bottom line as protecting the online banking customer,” said Chris Doner, Cybermetric Systems CEO.
The webinar reviews the Intuit and Microsoft position on the FFIEC requirements for MFA, the new OFX standard for MFA and how to support it, how it impacts an FI and the FI customers. “It’s an information packed one hour webinar and it’s a very efficient use of time for an FI compared to researching all the details on their own,” observed Doner.
Webinar signups are here: http://www.cybermetricsystems.com/webn.asp
About Cybermetric Systems:
Cybermetric Systems, based in Berkeley CA, is dedicated to providing online security and fraud solutions for banks, credit unions, and brokerage firms. All of Cybermetric Systems’ security products are designed to be cost-effective and user friendly – with the average Internet consumer in mind. Additional news and information about Cybermetric Systems is available at http://www.CybermetricSystems.com. Cybermetric Systems is a division of Access Softek.
About Access Softek, Inc.:
Access Softek, Inc., a private 20 year old software company based in Berkeley CA, provides a number of products to the financial services industry that offer increased security and enriched functionality to banks, credit unions, and brokerage firms customers. Access Softek is a partner with Microsoft, Intuit, H&R Block, Fiserv. Customers include: Microsoft, Apple, Motorolla, NEC, HP, IBM and many banks, CU’s and brokerages. Additional news and information about Cybermetric Systems is available at http://www.accesssoftek.com.
Micky Song. Product Manager