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Re: WBCTrader post# 128218

Tuesday, 01/10/2017 11:22:32 PM

Tuesday, January 10, 2017 11:22:32 PM

Post# of 235079
StrikeForce FFIEC COMPLIANCE - It's Fact


See Screenshot and Link to it below !


From WBCTrader: I am in the cyber security sector for financial institutions. The purposed "sweeping" regulations will only affect banks with 50billion in assets or more, and only require banks to have a cyber security strategy approved by their board of directors.

It literally has 0 impact on strikeforce. As much as I would like it to mean something it doesn't.

I can tell you that financial institutions that are regulated by the FED or FDIC will not be able to utilize strikeforce as part of their cyber security approach. We have to do DD on any software vendor we use and one in stinky pinky land will get you in trouble with regulators.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125966425


From WBCTrader: Look, I provided you with the guidance straight off the FFIEC website.

Look at the requirements and tell me how sfor would pass a "vendor review" to be able to be utilized in a "live" environment in any FFIEC regulated financial institution.


I like sfor, but i'm not gonna let people post misleading information.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125979235


"StrikeForce Technologies helps financial institutions comply with the FFIEC Guidelines in the following ways -"
http://cmtemplates.com/SFTProductID/ffiec.html









Our management believes that our products provide a cost-effective and technologically competitive solution to address the problems of network security and identity theft in general. Updated guidance for the Federal Financial Institutions Examination Council ("FFIEC") regulations include the requirement for solutions that have Two-Factor Out-of-Band Authentication and products that stop keylogging malware, real time, which our management believes our proprietary products uniquely and directly address. This new updated guidance went into effect as of January 1, 2012. Based on this new requirement in the latest FFIEC update that was published in June 2011 with enforcement commencing in January 2012, we have experienced a growing increase in sales orders and inquiries. However, there can be no assurance that our products will continue to gain acceptance and continue to grow in the commercial marketplace or that one of our competitors will not introduce technically superior products.


http://www.marketwatch.com/story/10-q-strikeforce-technologies-inc-2016-11-17