It's natural for an organization to plan for success. However, that success could all be for nothing if you don't also plan for worst-case scenarios, especially breaches to your information technology systems. Continuity of operations and disaster recovery plans are essential for taking proactive action against the very real threats to data
The Sarbanes-Oxley (“SOX”) Act of 2002 is a crucial piece of legislation aimed at protecting the confidentiality, integrity, and availability of information that impacts a corporation's stakeholders.
Ensuring ongoing SOX compliance is a fundamental risk management task for any publicly-traded, or even privately-held, company in the United States.
Recently, security breaches of major websites, companies and banks seem to be appearing in the headlines more and more frequently, and with increasingly more critical effects. If you're wondering how these events will affect you, you're not alone: in a recent survey, 97 percent of CFOs believe that cyberattacks are their biggest threat.
Pressures upon financial services organizations a
re rising today more than ever. Customer loyalty is more important to banks now than in the past, but with growing concerns over information security measures, it’s getting harder and harder to keep customers happy. Many banks are placing a lot of emphasis on modernizing their systems by updating
While a successful and robust compliance management program in banks has a few basic components, there are no “one size fits all” rules. However, here are the vital elements that make up the backbone of an effective compliance management program.
- Internal Control – Such control is two-pronged. It evaluates whether compliance management solutions
Community banks can improve their compliance management processes in three simple ways. Begin by reviewing and strengthening existing corporate compliance program policies. Then move on to building a culture of compliance within your organization. These tasks will require some effort from managers and board members, but don't cost very much money.
As we are months underway into a new year, not only does it bring us new opportunities; but a reason to get into shape, see the spring flowers, knowing that football season is that much closer, and so on....it also brings us a whole new set of security threats and attacks.
With the continued rise of smart phones and the world of "apps" you can
Recently IBM released its 2010 Global IT Risk Study. According to the study 74% of those surveyed agreed that the greatest benefit of improving IT Risk Management is that it ensures business continuity.
The article goes on to define business continuity as more than a natural disaster preparedness plan. “It is really about building a risk-aware
At A Glance
Organization: Los Alamos National Bank (LANB)
Industry: Banking – LANB provides full-service banking (including deposit accounts, consumer, safe deposit box rentals; commercial and real estate loans; international services including currency exchange and wires; trust and investment services).
Solution:
- Comprehensive IT FFIEC/COBIT
Thanks to all that were able to attend our webinar last Friday on Social Media and Compliance. It was our highest attended to date. If you are wanting the slides for the presentation, you can download the PDF here Social Media & Compliance . Next month, September 3rd, we will be continuing this topic by showing some examples of policies and