Saturday, March 17, 2007

More banking analysis

Part 2 of 2. Part 1 Here.

Tried to use a few more of my online accounts today.


No extra authentication required. Tried two different web browers, no prompting for extra authentication. I haven't read the FFIEC guidance enough to know whether brokers are required to obey the FFIEC guidance, or only, strictly speaking, banks.


No enhanced authentication here either.

Capital One

No enhanced authentication required here either.

More as I think to log into any more financial sites I happen to have. I think I need to try out my ETrade account shortly.


Anonymous said...

Brokers are not regulated by the FDIC. They are regulated by the SEC. Requirements and audits are ad hoc and generally follow a big change or breach. However, the consequences are not good and could lead to up to 10 or 20 years of annual audits.

Andy Steingruebl said...

Thanks for the info.