Compliant does not always mean secure - this is one of the maxims held above all at Garland Heart. While being compliant with the regulations of your industry will cut down on the risk of an information breach, it does not mean that all the vulnerabilities in your system have been accounted for.
In order to get in front of any risks (proactive
Regulatory compliance and information security has exploded as a topic of conversation in the last 15 years while technology has emerged at a break-neck speed. Annual updates, amendments, requirements and expectations are planned for months in advance, and the savvy business-owner must stay on top of the new information coming in to avoid an
How likely is it that your financial institution will experience a data breach in the near future? Can you even be certain that you haven’t already experienced a data breach? Most importantly, do you know how you would respond if you discovered that a breach had occurred? A breach assessment can help you answer these questions. What you discover
According to a new report by Deloitte, CFOs regard cyberattacks as one of the most worrying disasters that threaten to affect an enterprise’s financial well-being. In response to the Deloitte survey, 97 percent of CFOs of large firms in North America said that cyberattacks are the biggest threat they face.
The Significance of Cybersecurity
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.
Your business generates massive volumes of data that demand smart and secure management. However, confusion and misconceptions run rampant when it comes to information security and compliance with big data. Looking beyond the three most common misconceptions about information security compliance can help you ensure that your data and systems are
When it comes to mobile payments, Africa has been the world leader for years, with skyrocketing usage rates in many of its countries tied to efforts to serve unbanked citizens.
Mobile payment activity tied to bank accounts in the U.S. and other developed countries has lagged behind, but that’s about to change in a big way.