In the race to remain competitive more than 1,600 banks and credit unions have signed on to Apple Pay, probably hoping that some of Apple’s cool will rub off on them. But how high is the price of that affiliation? I’m not talking about Apple’s cost per transaction fees. I’m talking about the potential risks […]
Perhaps there’s no buzz word more confusing to bankers and credit union executives than the “cloud.” It evokes an ethereal image of data floating safely and serenely overhead, able to materialize on screen with the press of a button. But the cloud is a place on earth. Actually, many places on earth.
Vendor risk management is an ongoing process—one that begins with due diligence before a contract is signed and continues with monitoring throughout the length of the relationship. This blog series on the Top 10 risks will help you more effectively address how third-party vendor risk throughout every department in your financial institution. #3 Cybersecurity Risk In […]