In a month of bad news for banking (see recent stories about IndyMac Bank and other failures), our recent series of articles and insights on Gramm-Leach-Bliley Act (GLBA) compliance delivers a reassuring message: Banking institutions are making progress in safeguarding customer information.
A "progressive learning...
Business continuity planning (BCP) is a key element to Gramm-Leach-Bliley Act (GLBA) compliance, but compliance alone isn't enough to sustain a business in the wake of disaster.
Given recent guidance on business continuity in general, pandemic planning in particular, we caught up with a pair of industry experts to...
First National Bank of Nevada, Reno, Nevada, and First Heritage Bank, N.A., Newport Beach, California, were closed late Friday by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. The FDIC entered into purchase and assumption agreements with Mutual...
Nearly every organization is required to have a Business Continuity Plan. Yet, planners often overlook issues related to resource allocation -- the "people, places and things" necessary for business continuity. Register for this webinar for case studies and insight on how to:
Identify and describe the components...
Last Friday, IndyMac became another financial institution to fail this year because of the credit crisis.
Taken over by federal banking regulators, IndyMac, a Pasadena, California-based mortgage lender with $32 billion in assets, was the largest thrift on record to fail and the third largest bank failure in...
Talk about a harmonic convergence.
Just as the major banking regulatory agencies went before the Senate committee recently to deliver their "State of the Banking Industry" addresses, I was sitting back and starting to think about drafting the questions for our next State of Banking Information Security survey.
I no sooner finished my most recent post on Business Continuity Planning, and we (BIS) published the transcript of a podcast conducted with Roger Batsel CISO Interviews: Roger Batsel, Republic Bank, on Business Continuity/Disaster Recovery), SVP, Managing Director of Information Systems at Republic Bank, Louisville,...
A Business Impact Analysis (BIA) is an integral part of developing a Business Continuity Plan for any type of disaster, and the Federal Financial Institutions Examination Council (FFIEC) has released recent guidance about enhancements to the BIA and testing discussions.
According to the latest update to the FFIEC's...
My recent post on Business Continuity Planning and its role in supporting institutions affected by the recent Midwest flooding generated more than its fair share of dialogue with my peers.
So much of what's required by regulation often presents itself as a documentation exercise and rarely transcends the...
Early this year, I caught up with Steve Katz, the dean of banking CSO's (see Stephen Katz on Top InfoSec Issues of 2008), and he had some interesting insights on the year's top challenges for banking institutions.
Planning for disaster - whether a simple service disruption or a pandemic event - is paramount to any financial institution. But where does the responsibility fall?
Roger Batsel, SVP, Managing Director of Information Systems at Republic Bank, Louisville, KY., says it's time to separate duties: Let IT handle system...
Financial institutions are increasingly better prepared for a pandemic disaster, but cyber security attacks are a growing concern.
This is the message from the current and past chairmen of the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC).
George...
Eighty-seven percent of major data breaches could have been avoided through reasonable security measures.
This is the conclusion of a new report from Verizon Business Security Solutions, analyzing 500 forensic investigations of data breaches. Financial institutions made up 14 percent of all companies included in...
How to Put the "Business" back into Business Continuity Planning
Planning for disaster - whether a simple service disruption or a pandemic event - is paramount to any financial institution. But where does the responsibility fall?
Roger Batsel, SVP, Managing Director of Information Systems at Republic Bank,...
I started scoping out my next blog entry with PCI in mind (and how it will likely find its way into the community-bank/credit union space in a few years) and was blind-sided by one of my favorite nits to pick recently: the risks presented by poorly managed third-party vendor relationships.
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