The quality of security controls can significantly influence all categories of risk.additional information. Traditionally, examiners and bankers recognize the direct impact on operational/transaction risk from incidents related to fraud, theft, or accidental damage. Many security weaknesses, however, can directly...
Complete this section’s objectives to assign the information technology (IT)composite rating using as a guide OCC Bulletin 99-3, “Uniform Rating System for Information Technology (URSIT).†The composite URSIT ratingshould reflect:
•The adequacy of the bank’s risk management...
For the security of any system to be strong, the system's owners must consider three fundamental security areas: management controls, operational controls, and technical controls. While technical controls, such as encryption, digital signatures, or firewalls, receive the most attention, inadequate operational...
This statement alerts the Board of Directors and management to some of the risks and concernsof retail on-line, personal computer banking (PC banking). Recently, the staff of the FFIECagencies organized a symposium to hear industry experts offer their thoughts and observations onthe development of retail on-line PC...
POLICY STATEMENT FOR THE REVIEW OF INFORMATION SYSTEM VENDORS
The National Credit Union Administration (NCUA) has established a program to perform on-site examinations of information system vendors. This program was initiated because of the critical importance automated information systems have to many credit...
This interagency statement alerts financial institutions to potential risks in contracting for EDP services and/or failing to properly account for certain contract provisions.
ISSUE:
Some financial institutions are entering into EDP servicing contracts that contain provisions which may adversely affect the...
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