This webinar discusses the impact of breaches on financial institutions along with regulatory mandates that hold your executives and Board responsible for your vendors’ cybersecurity and disaster recovery resiliency. In this webinar, we’ll learn about the requirements of the FFIEC’s Cybersecurity Assessment Too, information on how the FFIEC, OCC, FDIC, and Fed mandates overlap regarding […]
Ben Franklin once wrote that “Glass, china and reputation are easily cracked, and never well mended.” Reputational risk is present any time a vendor enters the picture, so it makes sense to spend the necessary time and resources to choose only those vendors who have proven to be trusted and valuable partners.
If you build it, they will regulate it—but should they? That’s a question financial institutions should be asking as agencies like the Consumer Finance Protection Board (CFPB) and Office of the Comptroller of the Currency (OCC) jockey to regulate Fintech firms. On its surface, it may seem like the obvious answer is yes—that regulators should […]
How necessary is it to document your vendor selection process? If a new law in New York state is any indication, it’s becoming more and more important. The New York Department of Financial Institutions recently published a new BSA/AML rule requiring greater board oversight of risk-based BSA/AML transaction programs. The rule came about after several […]
Financial institutions outsource to be efficient. Whether it’s offering competitive products and services or making good use of staff resources, smart institutions weigh the costs and risks of using a third-party provider against the benefit to the institution. But are you fully measuring those risks and costs? If your vendors are outsourcing, you may be […]