On June 28th, the Federal Financial Institutions Examination Council ("FFIEC") issued a supplement to the "Authentication in an Internet Banking Environment" guidance, issued in October 2005. The supplement reinforces the risk-management framework described in the original guidance and updates the FFIEC member agencies' supervisory expectations regarding customer authentication, layered security, and other controls in the increasingly hostile online environment. The FFIEC member agencies have directed examiners to formally assess financial institutions under the enhanced expectations outlined in the supplement beginning in January 2012. FFIEC Press Release.