Interpreting The New FFIEC Authentication Guidance – 5 Steps to Compliance

We’ve all now had a couple of weeks to digest the new guidance, and what has emerged is a clearer understanding of what the guidance requires…and what it doesn’t.  …
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SOC 2 vs. SAS 70 – 5 reasons to embrace the change

The SOC 2 and SOC 3 audit guides have recently been released by the AICPA, and the SAS 70 phase-out becomes effective tomorrow.  The more I learn about these …
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Risk Managing Social Media – 4 Challenges

Twitter, LinkedIn, Facebook, Google+…the decision to establish an on-line presence is a very popular topic these days, and it is extremely easy to do, but effectively managing social media risk …
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FDIC issues new FIL…

…and pretty much confirms what most of us already knew; regulatory scrutiny has increased across the board.  FIL-13-2011 entitled “Reminder on FDIC Examination Findings” was just released March 1st, and …
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Top 5 Compliance Trends for 2011 – Part 4

According to the FFIEC IT Examination Management Handbook, many institutions choose to delegate responsibility for monitoring IT activities to an IT Steering Committee.  I also addressed this here.  One …
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New FDIC Survey Results and Third-Party Providers

The new FDIC Supervisory Insights Winter 2010 newsletter addresses several issues of interest to bankers, including Trust Preferred Securities, Managing Agricultural Credit, and Senior Life Settlements.  But there was also …
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5 Key Elements of Risk Management

As a financial institution, it sometimes seems that everything you do requires a risk assessment.  Information security, disaster recovery, ID theft, remote deposit capture, outsourcing, in fact the term “risk …
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