Zerify Inc (ZRFY)

[WBCTrader]

HOLD MY BEER!

STRAIGHT FROM SFOR FINANCIALS

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

REFERENCE PAGE 21

See the part where even SFOR MANAGEMENT acknowledges the 2012 MFA OOB guidance as a "REQUIREMENT", WHERE IT WENT INTO AFFECT IN 2012.
Granted, these are 2016 financials, so it is just like SFOR to be years behind on something, but he does state it has been an requirement since 2012!!!

/DROPS MIC

THE FFIEC sets the standards for I.T. Security in the Financial Sector.
Welcome to the Federal Financial Institutions Examination Council's (FFIEC) Web Site.

The Council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB)

The 2001 STANDARDS set by the FFIEC.

2012 FFIEC standards



Now, just as I was saying, there are many forms of MFA and many forms of OOB/MFA.
It has been around and an industry standard in the financial sector for a LONG TIME, as even noted by MARK KAY HIMSELF IN THEIR FINANCIALS.