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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Bank Directors and Officers targeted in 2011

The final numbers are in for 2011, and it was a record year for Director and Officer (D&O) lawsuits by the FDIC.  In 2011 alone, 264 defendants were named in …
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Another incident management table-top training exercise

I’ve mentioned before that financial institutions would be wise to use news reports of security incidents as “what if” table-top training exercises.  Here is another one that just occurred a …
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FDIC offers “Insight” on Mobile Banking

Although not considered official supervisory guidance, the most recent FDIC Supervisory Insights newsletter offers an instructive early look into how the agency might examine this emerging electronic banking delivery method …
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Thankful for…Dodd-Frank?

I made a similar post last year about this time, so I thought I would continue the “Thanks-giving” tradition here…and no, I haven’t completely lost my mind about Dodd-Frank.  Let …
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Access Rights a frequent finding

In reviewing recent audit and examination findings, the issue of access rights and permissions is coming up with increasing regularity.  Making sure that end-users have no more access rights than …
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Material Loss Reviews: Does responsibility = liability?

I asked in my previous post whether or not the regulators should share any of the blame when institutions fail, and if so, should they shoulder any of the liability?  …
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Exam preparation – less equals more?

One of the more surprising findings from my recent examination experience survey (thanks again to all that participated!) is that there doesn’t seem to be a direct relationship between the …
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Examination Experience Survey – preliminary results

Although the survey is still open, I wanted to discuss one particular trend that I find interesting.  (If you’ve already participated, thank you!  Please pass the link on to a …
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FDIC Institutions getting more UIGEA (Reg GG) findings – UPDATE 2

Updated 12/5/2011 to add examination procedures*. 

Updated again 2/13/2012 to emphasize policy requirements.

We first saw this trend back in July 2011, and continue to see it, so I’m calling …
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