Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & IT (Part 6)
HR may be setting up work-from-home policies and dealing with employee concerns, but the IT department has to make sure the technology works.
Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & Finance & Lending (Part 5)
As COVID-19 spreads across the U.S., finance and credit departments at financial institutions are facing a new world of risk.
Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & Compliance and Risk (Part 4)
While many necessary compliance and risk functions continue, it’s by no means business as usual. COVID-19 is creating new operational risks that need to
Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & Board & Management (Part 3)
As COVID-19 spreads across the country, boards and management are making critical decisions to adapt to changing conditions.
COVID-19 Update: CFPB Postpones HMDA Data Collection
As financial institutions scramble to maintain operations and aid customers and members as COVID-19 continues to spread, the Consumer Financial Protection …
Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & the Frontline, Back Office & Marketing (Part 2)
In this second blog in Ncontracts’ series breaking down key operational risk considerations department-by-department, we’re addressing three departments:
Finastra, World’s Third-Largest Fintech, Responds to Ransomware Attack
Finastra, the third-largest fintech company in the world, took its servers offline Friday to protect its data after detecting a ransomware attack, the
Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & Human Resources (Part 1)
Ncontracts will address key operational risk considerations department-by-department to help your FI with pandemic preparedness & business continuity
Coronavirus, HMDA, and Doing the Next Right Thing
As we struggle with disruption and uncertainty, as the coronavirus upends the routines of our lives, it’s natural to feel overwhelmed and unsure...
Pandemic Planning: Is Your FI Prepared for Coronavirus?
The largest bank in Singapore made headlines last week for being the first lender to shut down its office due to coronavirus after an employee tested
6 BCP Lessons Learned When Ncontracts Shut Down Its HQ for the Day
Ensuring smooth operations, even when your main office is inoperable or unreachable, is a cornerstone of business continuity management.
Have You Prepared for Climate Change Risk?
What is your bank doing about climate risk and its potential impact on loans, investments, and operations?
What If a Cyber Attack Caused a Bank Failure?
There are more than just financial threats to industry stability. The FDIC is actively considering how it would handle an unprecedented scenario: a bank
A Model CIO: Equifax CIO Keeps Showing Us How *Not* to Respond to a Breach
The big news out of Equifax this week is its $700 million settlement as a result of its 2017 data breach. It’s the most expensive breach settlement ever.
3 Tips for Avoiding an Equifax-Style Breach
When one of the nation’s largest credit reporting companies reports a breach involving the private financial data of over 145 million Americans, people
How the Government Shutdown is Affecting Regulatory Agencies
The partial government shutdown has furloughed workers at the national parks, the Smithsonian museums, the IRS, courts, and other federal institutions, but
Business Continuity
Business continuity means planning for major disruptions in a company so that the company can continue operations.
RPO - Recovery Point Objective
RPO is otherwise known as Recovery Point Objective and refers to the age of files that must be recovered from backup storage for normal operations to
Contingency Plan Template
A contingency plan template can be a physical document, or a digital form used to create a compliant contingency plan.
Business Continuity Software
Business continuity software is a software solution for planning for adverse events that would disrupt the operation of the financial institution.
Contingency Plan Template
A contingency plan template can be a physical document, or a digital form used to create a compliant contingency plan.
Recovery Time Objective
The Recovery Time Objective (RTO) is the maximum, tolerable length of time a computer, system, network or application can be down after a failure
Business Continuity Planning Checklist
A business continuity checklist is a concise list of tasks that must be done to create an adequate business continuity plan (BCP). The BCP is a plan for
Business Continuity Planning
Businesses can face several risks, some of which can be more devastating than others. In extreme cases, these risks can put your business
FS-ISAC Offers Free Cyberattack Exercise
When was the last time your incident response team practiced its response to a cyberattack? If it’s been awhile, you may want to look into the CAPS
How to Respond When a Vendor Gets Hacked
A vendor data breach is a nightmare for any bank or credit union. From the financial cost to the bad press to the regulatory attention, data breaches pose
5 Factors Your Consumer Complaint Management Program Needs to Succeed
Complaint management is an important part of your financial institutions efforts to comply and grow. Without it, your bank, credit union, or mortgage...
When Natural Disasters Become Customer Relationship Disasters
Customers don’t want to hear that a data center across the country flooded, a cyberattack overwhelmed systems or a piece of equipment failed. In their eyes