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Cybersecurity Advice for Banks & Credit Unions Amid Russia-Ukraine Situation

Abrigo

Under a final rule approved in November, they must report significant computer-security incidents as soon as possible and no later than 36 hours after their occurrence. Emily Larkin, Chief Information Security Officer for Abrigo, said that financial institutions are closely monitoring the situation developing in Ukraine.

Exercises 195
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Rebeca Romero Rainey: Prepare your cyber defenses

Independent Banker

While there’s no cyber or data security silver bullet, by bringing the theoretical into a true banking environment, we can begin to establish action plans that speak to real-world attacks.”. Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown.

Exercises 126
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Fraud prevention and detection: Empowering clients through education

Abrigo

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important.

Fraud 195
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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. It is part of a multipart blog series on financial regulations and how to manage them architecturally, geared towards IT leadership.

Tools 114
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In Semi-Annual Report, Mulvaney Says CFPB Too Powerful

PYMNTS

Mulvaney wrote that the Dodd-Frank Act, by virtue of creating a leadership hierarchy that has a single head, leaves the potential for that head to abuse power. Mulvaney’s third recommendation, according to the report, “is to ensure that the director answers to the president in the exercise of executive authority.”.

Report 110
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Why now is the time to update your bank’s corporate governance

Independent Banker

The key COVID-19 issue in this workforce pivot was ensuring that Oregon Pacific could secure customer and proprietary data with employees working from their kitchen tables. Potential security risks ranged from inadvertent breaches if sensitive data became visible to people outside the bank, to bad actors accessing data through the back door.

Oregon 91
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Cybersecurity Insurance, AI and Chatbots

FICO

Advisen: Barbican Takes a Leadership Stance on Cybersecurity Insurance. At Advisen, our team was again on hand to showcase the FICO® Enterprise Security Score (ESS), and what a difference a year makes! In 2016, FICO was still a relatively new player in the cyber and enterprise security space. Here’s my take.