Tag: Risk Assessment

  • Risk Assessing Internet Banking – Two Different Approaches

    One of the big “must do” take-aways from the updated FFIEC Authentication Guidance was the requirement for all institutions to conduct risk assessments.  Not just prior to implementing electronic banking services, but periodically throughout the relationship if certain factors change, such as: changes in the internal and external threat environment, including those discussed in the…

  • Interpreting The New FFIEC Authentication Guidance – 5 Steps to Compliance

    We’ve all now had a couple of weeks to digest the new guidance, and what has emerged is a clearer understanding of what the guidance requires…and what it doesn’t.  But before we can begin to formulate the specific compliance requirements, we have to interpret what the guidance is actually saying…and what it isn’t.  And along…

  • Risk Managing Social Media – 4 Challenges

    Twitter, LinkedIn, Facebook, Google+…the decision to establish an on-line presence is a very popular topic these days, and it is extremely easy to do, but effectively managing social media risk can be frustratingly complicated.  In many ways. it just doesn’t lend itself to traditional risk management techniques, so the standard pre-entry justification process is much…

  • Trust and Risk Online

    In a recently released paper by the Brookings Institute, they address the issue of trust in an increasingly on-line business environment.  They focus on the difficulty of establishing, maintaining and verifying identity on-line, and how the trust relationship between on-line services and consumers is being threatened by weaknesses in this identity layer component. Although the…

  • Top 5 Compliance Trends for 2011 – Part 1

    I recently looked back at 2010, and the predictions I made a year ago.  This post begins a series of the top regulatory compliance trends for the current year.  I’m going to focus on the top 5, and my sources for these are the following: Recent audit and examination experience from our customers Recently released…