Why is IBC requesting this additional information?

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Why is IBC requesting this additional information?

In keeping with the Federal regulator’s mandate, we will request additional information which will be stored in IBC Bank Online for future use in helping to confirm your identity. Beginning soon, after you log in to IBC Bank Online using your usual User ID and Password, you will be greeted with a new security page. This page will prompt you to select and provide answers to several security questions.