Information Technology for Directors Q4 2020

October 14, 2020

Cloud Delivering Faster Changes, Improved Cost-Control
 

Cloud computing delivered when banks needed to quickly move to Work From Home (WFH) and make rapid changes tomeet both employee and customer needs.

Regulatory Update: FinCEN and OFAC Issue Advisories

October 8, 2020

FinCEN and OFAC Issue Advisories Warning of Potential Bank Secrecy Act Violations in Conjunction with Ransomware Payments

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) agencies both simultaneously released advisories warning of potential Bank Secrecy Act (BSA) violations and OFAC sanctions risks associated with ransomware payments related to malicious cyber-attacks. 

Is Your CIO a Revenue-Generator?

August 27, 2020

Insight from BankOnIT

Bank chief executive officers have more than enough on their plates. From managing strategic and operational performance to keeping shareholders happy, CEOs must have the skills, knowledge and people around them to implement a long-term vision to take their organization into the future.

 

Information Technology for Directors Q3 2020

July 13, 2020

Your Next Regulatory Exam May Be Easier and More Difficult

Because of the effect of the pandemic, banks can expect examiners this fall to show some leniency in various areas and take a hard line in others.

Four Tips to Improve Monitoring and Compliance Demands

May 29, 2020

Last week, I hosted a complimentary webinar for members of the Community Bankers Association of Kansas, and feedback showed that top industry concerns were monitoring and compliance demands. Training and resources regarding due diligence, cybersecurity, IT management and risk management can help banks with oversight and accountability regarding confidentiality and the integrity of their data.

Guarding Against Virtual Viruses in a Pandemic

May 11, 2020

As healthcare experts work to mitigate the Covid-19 pandemic, the banking industry is faced with fighting other viruses.

Cyber attackers are known to be opportunistic, pouncing during times of anxiety and uncertainty. Rest assured, they won’t let up once the coronavirus has run its course. While information technology directors are focusing their attention on processing huge volumes of Small Business Administration loans and assisting bankers working remotely for the first time, computer virus and malware threats continue to rise. If not handled effectively, this could threaten the security of the financial system.



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