When it comes to compliance with the FDICâ€™s recent Supervisory Letter on Identity Theft, financial institutions need to â€œbeef upâ€ their consumer education programs, along with looking more closely at their existing risk assessment programs to mitigate current and potential areas of vulnerabilities.
In 2006, the Federal Financial Institutions Examination Council (FFIEC) issued a revised version of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The manual has been updated to incorporate regulatory changes since the manual was first released in 2005 and to clarify supervisory expectations....
Register for this updated webinar to receive:
A heads-up on key examination issues
Review of the IT Risk Management Program Examination Process
Overview of IT Examination Officer's Questionnaire
What to expect, and how to respond
If your financial institution is facing an IT regulatory exam soon, you'll want to be ready for it. Despite the best efforts of your team, will your institution be ready? BankInfoSecurity.com's webinar will prepare your team for this arduous task. In the meantime, we interviewed Susan Orr, an ex-FDIC examiner, who...
A look at what the regulatory agencies base IT exams on and how your institution can be best prepared
Preparing for the pre-examination IT Questionnaire and the effect your responses will have
How do GLBA Section 501(b), the Bank Secrecy Act, Patriot Act, and FACTA figure into a regulatory IT exam
Examination of IT risk assessments and how they are vital to financial institutions
A look at why IT risk assessments are important to your organization
How an IT risk assessment is performed
Sample assessment matrix included
When planning for an internal IT risk assessment, it is a good idea to have a solid understanding of risk management first. The finance and accounting departments in most organizations now have a firm grasp on risk management from a business perspective, thanks to Sarbanes-Oxley. However, when the IT Security...
The FAQs recently published by the FFIEC on August 15, 2006, is an attempt by the FFIEC to answer questions asked of them about their guidelines on Internet Banking Authentication published October 12, 2005. The 2005 guidelines were an outgrowth of a previous guidance document issued in 2001.
As with all federal...