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Customer Awareness Education – 3 reasons it should now be a top priority (and how to address it)
By now everyone has at the very least completed their electronic banking risk assessment, and most institutions have probably gotten feedback from their primary examiner on their progress. So what’s next? Where should you focus your time and resources now? Or should you just wait to see where the regulators go next? Here are 3…
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Commercially UNreasonable Security
So an appellate court has just reversed the PATCO court ruling, essentially deciding against the financial institution. They ruled that the banks’ security procedures were commercially UN-reasonable.
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FDIC changing annual IT report to Board?
Based on recent examination findings, it would appear that the FDIC is changing what they expect to see in the annual information security report to the Board of Directors. The requirement for the report is established in the FFIEC Information Security Handbook where it states that a written report to the board should describe the…