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From the Field
Enlightenment from recent audits & exams
5 “random” facts
Fact 1 – According to the U.S. Bureau of Labor Statistics, the increasing complexity of financial regulations will spur employment growth of financial examiners. In fact it is expected to …
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“Data-flow diagrams”
This request was seen in a recent State examiners pre-examination questionnaire, and although I usually like to see a request a couple of times from different examiners before identifying it …
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FDIC changing annual IT report to Board?
Based on recent examination findings, it would appear that the FDIC is changing what they expect to see in the annual information security report to the Board of Directors. The …
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Hot Topics
The Guru reflects on recent events
Updated Incident Response guidance expected
Comments on draft 2 are closed, and the National Institute of Standards and Technology (NIST) is about to release an update to their Computer Security Incident Handling Guide (SP 800-61). …
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FDIC Supervisory Letter Issued on Critical Service Provider
(NOTE: Although the vendor in question has been publicized by the NCUA, I will not name it here because it is not relevant. If you currently contract with the …
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FFIEC Handbook Update – Outsourcing
The FFIEC has just added a section to the Outsourcing Technology Services IT Examination Handbook, and it should be required reading for financial institutions as well as any managed service …
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About the Compliance Guru
Tom Hinkel has over twenty years experience in IT regulatory compliance, risk management and information security both inside banks and as a consultant for institutions of all sizes, Hinkel also serves as a regulatory compliance resource and certified educator for Safe Systems' bank and credit union clients.
