Monthly Archives: August 2011
Continuous Risk Management
Our Compliance Department performs our annual risk assessment, now the examiners want us to incorporate our risk assessment process into our day to day operations. Why? This is a question we often are asked. If you are like a lot of institutions, the risk assessment is performed prior to each examination by one or two individuals. [...]
Vendor Management Best Practices Brief
Using a third-party vendor naturally subjects an institution to risks outside its control. From a data breach to an unexpected shutdown, banks and credit unions are subject to a variety of vendor-related events that could lead to loss of revenue, loss of service or reputation damage. That’s why FFIEC standards for vendor management have become [...]
Risk Assessment Best Practices Brief
An educational brief: Risk assessments are key to helping you comply with risk management and data security mandates. They help you identify and understand risks to the confidentiality, integrity and availability of your data and systems. However, many institutions still view risk assessments as tedious and time-consuming annual activities. These institutions fail to recognize that [...]
Scout Risk Assessment Dashboard White Paper
Scout™ Risk Assessment Software and the IT Audit Understand the financial value of conducting a risk assessment. Learn how Scout™, Supernal’s Risk Management Dashboard, guides institutions through the risk assessment process, providing a more accurate assessment in less time than ever before. Find out how Scout is helping institutions implement the appropriate technology and risk management [...]
Spreadsheets Aren’t Free
(Read the full .pdf article: Spreadsheets Aren’t Free) An educational brief: Most financial institutions rely on a patchwork of spreadsheets and documents to catalogue compliance activity. This people-driven system adds untold hidden costs to the compliance process—costs in labor, time, and lost opportunity. Sometimes you have to spend to save, and compliance is one area ripe [...]
Whitepaper: Flipping the Cost to Benefit Ratio
(Read the full .pdf article: Whitepaper: Flipping the Cost to Benefit Ratio) Flipping the Cost to Benefit Ratio: Leveraging Technology for Regulatory Compliance Financial institutions are facing unprecedented scrutiny. Even a somewhat mundane compliance failure could lead to financial penalties, regulatory constraints, and reputation damage. How are financial organizations responding? By putting more staff on the [...]