Monday, April 06, 2020

SIEM System Protection for Your Financial Institution

Posted by Joseph May 17, 2019 2:27pm
Sample Image Photo Credit: everythingpossible ©

In today’s technology environment, financial institutions are consistently searching for ways to secure their network. However, many institutions do not take full advantage of monitoring tools that may enhance their security and safeguard their network. For these institutions, a Security Information and Event Management (“SIEM”) system may provide the additional protection needed.

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Planning in a Consolidating Banking Industry – Revisited

Posted by Joel March 19, 2019 6:25pm
Sample Image Photo Credit: Michael D Brown

In August 2015, a colleague of mine wrote an article titled “Planning in a Consolidating Banking Industry.” Now that it is 2019, I took a look at the article to determine whether his predictions, as shown below, are accurate and if there is a decline in banking organizations.

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Flood Coverage – Still a Hot Regulatory Issue

Posted by OnCourse Staff February 20, 2019 2:42pm
Sample Image Photo Credit: Galina Peshkova

Flood certifications, coverage, insurance, and placement – these are common in any financial institution’s compliance vocabulary nowadays. It’s no secret that all regulatory agencies have had “flood” as a hot topic for the past few review cycles. Financial institutions have been reinforcing their knowledge and awareness of the issue. Yet, even with all of the training that banks and credit unions have paid for and had their employees attend, why are financial institutions still receiving flood violations?

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Training – Investing in Your Employees

Posted by Phil January 30, 2019 3:12pm
Philip Gonzalez
Sample Image Photo Credit: Andriy Popov/123RF

Training provides employees with a sense of accomplishment, allowing them to expand their knowledge and increase productivity. While there may be certain drawbacks to training, such as process management and monitoring, the benefits of training for individuals and organizations make the cost and time a worthwhile investment.

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Interagency Statement on Sharing BSA Resources and Challenges

Posted by OnCourse Staff December 7, 2018 7:34pm
Sample Image Photo Credit: semisatch

On October 3, 2018, an Interagency Statement was issued by five agencies/regulatory bodies to provide banks with an option to enter into a collaborative arrangement involving two or more banks to share their available resources in order to ensure compliance with Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) requirements...

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Improving Cybersecurity Governance

Posted by Joseph July 18, 2018 2:34pm
Sample Image Photo Credit: iStock

The risk landscape for financial institutions is constantly changing with a myriad of new regulations and growing cybersecurity threats. In this environment, surveys continue to show that Boards of Directors and Senior Management lack confidence in their institution's cybersecurity capabilities and that cybersecurity governance is often inadequate...

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Sample Image Photo Credit: Stuart Miles

This past weekend, the New Jersey Legislature and Governor Murphy came to an agreement on Corporate Business Tax ("CBT") changes in connection with the State's 2019 fiscal year budget...

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OnCourse is a blog dedicated to providing an informative and fresh look at matters that affect the banking and financial industry including the direction of risk, compliance matters, audit, and more.

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