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Wednesday, February 27, 2019

The New NIST Digital Identity Guidelines: Impact on Passwords, Security Questions & Account Lockouts

Start Date: 2/27/2019 1:00 PM MST
End Date: 8/27/2019 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

The New NIST Digital Identity Guidelines: Impact on Passwords, Security Questions & Account Lockouts
1:00 pm – 2:30 pm MT

In the summer of 2016, the National Institute of Standards and Technology (NIST) published new draft guidelines that proposed sweeping changes to traditional security models and best practices.  Finalized in the summer of 2017, the new NIST guidelines upended several historical approaches to authentication.  Security questions are no longer considered secure.  Mandatory periodic password changes can weaken security.  Special characters can make passwords harder for users to remember and easier for hackers to guess.  Is the three-attempt lockout policy even necessary? Regulators defer to NIST standards. Therefore, financial institutions must prepare for shifts in authentication and security compliance by fundamentally recalibrating the balance between digital security and user experience.

HIGHLIGHTS

  • New NIST Digital Identity Guidelines – what to know and why you should care
  • Why “security” (challenge) questions aren’t secure
  • Why mandatory periodic password changes make passwords less secure
  • Why three-attempt account lockouts are unnecessary, frustrate users, and discourage account vigilance
  • How to revise password parameters for stronger security and happier end-users
  • How to implement two-factor authentication (2FA) for maximum security and usability
  • Browser boot-camp: understanding strengths and vulnerabilities among popular web browsers
  • Securing your digital channels by taking cues from BigTech
 TAKE-AWAY TOOLKIT
    • NIST Special Publication 800-63B Digital Identity Guidelines
    • Directory of articles and resources on NIST implications and best practices
    • Employee training log
    • Quiz to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for information security officers, risk officers, compliance officers, IT managers, operations managers, and anyone responsible for the evolution and security of digital banking channels.

Continuing Education: Attendance verification for CE credits upon request.

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

 

MEET THE PRESENTER
Chad Killingsworth
Jack Henry & Associates

Chad Killingsworth is Director of Software Engineering for the Banno Digital Platform at Jack Henry & Associates, Inc.  He and his team build modern digital banking experiences for U.S. financial institutions using Polymer, an open-source JavaScript library developed by Google and contributors on GitHub.  Chad contributes to many open source projects including Google’s Closure Compiler, and ardently advocates for modern security practices to anyone within earshot.