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Posts in category "Regulatory Compliance"

12/06/2017

Helping Your CEO Feel Better about Risk Management

Bank CEOs are a worrisome bunch, and really, who could blame them? It’s the role of a CEO in any industry to manage necessary business risks and eliminate unnecessary ones. Financial institution CEOs have to do so in an environment that’s fraught with risk from multiple sources. PWC’s 20th CEO Survey illustrates the worries financial industry CEOs…

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10/27/2017

Brush up on RDC risk management before targeting SMBs

Remote Deposit Capture (RDC) was such an alluring concept when it first appeared that aggressive banks rushed into it. The effects of this mad dash to market resulted in financial institutions buying early versions of bug-riddled systems that delivered a user experience best described as challenging. Others who built their own RDC systems would encounter…

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07/25/2017

Perspectives on Privacy … From 20 Years Ago to Today

Twenty years ago, this week Deluxe created the foundation of its privacy program by establishing core privacy principles that would embody the spirit of our commitment to privacy. The evolution of privacy since 1997 made me wonder how to compare our perceptions and perspectives on privacy in today’s market landscape:  THEN and NOW. What’s changed…

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07/06/2017

Digital Innovation, Disrupters & Cyber Technology Perspectives on Third Party Risk

Last month over three hundred risk professionals gathered in Washington D.C. to focus on the digital landscape and emerging risk factors for Third Party Risk Management at the 10th annual Shared Assessments Summit.  Thought leaders from many verticals, including financial services, healthcare, asset management, and consumer products provided market insights on a variety of topics…

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06/13/2017

Internet of Things (IoT) and Third-Party Risk

In our digital age, everything is connected. Cars can drive themselves, Planes can fly themselves, and your Refrigerator can use the internet to tell you if you are out of milk and eggs when you are at the grocery store. The era of connectivity and immediacy of data has created a new worldwide web out…

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06/05/2017

Barking & Bleeding: A New Security Standard Affecting RDC

Remember Yahoo’s (first) major data breach in 2014? Security gurus punched a few keys and showed the Internet their ability to easily obtain Yahoo email usernames and passwords. One expert tweeted his own accomplishment, 200 Yahoo user names and passwords in 5 minutes. Another example that hits closer to home for banks – hackers swiped…

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05/18/2017

SOC It To Me in 2017 – Preparing for the SSAE 18, Part II

My last blog, SOC it To Me in 2017 – Preparing for the SSAE 18 highlighted the changes and differences to the planning, scoping, and execution of an SSAE 18 engagement from the service organization’s point of view. For part II, I plan on sharing tips on the downstream implications to third party risk and the…

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