Tag: fdic

7 Things You Need to Know Before Buying Cybersecurity Insurance

Cybersecurity insurance, also known as cyber risk insurance, cyber liability insurance or data-breach liability insurance, helps an institution recover from…

FDIC Proposes Retiring Half Its Risk Management FILs—But Don’t Get Too Excited

It sounds like every banker’s dream come true. The FDIC has proposed retiring 374 of the 664 risk management supervision-related…

Laws vs. Regulations vs. Guidance: New Interagency Statement Provides Clarification

Ever wonder whether guidance was a suggestion or mandate? The federal banking agencies have answered this long-pondered question definitively. “Supervisory…

Is Your Third-Party Vendor Contract Specific Enough When It Comes to Cybersecurity?

If you’re assuming your third-party service provider is following cybersecurity best practices because it’s smart business, think again. Vendors are…

Examining the Examiner: What the OIG Has to Say About the FDIC

Your regulator may seem like an all-powerful force, but everyone answers to somebody. In the case of the FDIC it’s…

New Regulatory Guidance About Cybersecurity Insurance

Does your institution need cybersecurity insurance? Is it required? If utilized, are there rules? Cybersecurity insurance can protect against financial…

3 Reasons Why Cybersecurity Ratings Are a Waste of Money

Investigating a vendor’s cybersecurity can be a time-consuming hassle. Wouldn’t it be nice if you could pay someone else to…

FDIC Supervisory Insights for Summer 2017: Focus on BSA

This post was written by Michael Carpenter, Sales Solutions Architect, Ncontracts The FDIC published its Supervisory Insights for Summer of…

Vendor Management: What the FDIC Really Wants

Today we’re looking at the FDIC’s approach to vendor management to better understand what the agency really wants from FIs.…

Is Your Contract Protecting Your Institution?

The FDIC Office of Inspector General’s (OIG) deep dive into the state of vendor management has revealed widespread deficiencies including…