Catch up on our previously recorded webinars:

April 2012 Webinar: ACH Module Review.

New regulations require financial institutions to monitor risk for ACH transactions, so even when a financial institution’s systems are secure, its customers systems may not be. Viewers will gain a better understanding of why ACH is important, receive an in-depth overview of the ACH module in Scout, and also examine how you should use it.

Since the information provided in the webinar is targeted to Scout users, we have put a privacy setting on the video. If you would like to watch April 2012′s webinar “ACH,” please e-mail us at info@supernal.com and inform us that you want to view the webinar – we will then provide you with the password to unlock the video.

Catch up on our previously recorded webinars:

March 2012 Webinar: Bank Secrecy Act (BSA).

We review what the BSA risk assessment module is and how it can help financial institutions make sure they are in compliance with the Bank Secrecy Act and related Anti-Money Laundering laws. Attendees will gain a better understanding of the BSA module, receive an in-depth overview of the BSA module in Scout, and also examine how you should use it.

Since the information provided in the webinar is targeted to Scout users, we have put a privacy setting on the video. If you would like to watch March 2012′s webinar “BSA,” please e-mail us at info@supernal.com and inform us that you want to view the webinar – we will then provide you with the password to unlock the video.

Catch up on our previously recorded webinars:

February 2012 Webinar: Enterprise Risk Management.

Supernal presents some of the background and history behind Enterprise Risk Management. Attendees will learn why ERM is important and how you can improve your institution by implementing some basics. We also review the ERM Module in Scout and examine how you should use it and how it may evolve in the future.

To view February 2012′s webinar “Enterprise Risk Management,” click on the video below.

February Topic: Enterprise Risk Management

In this month’s webinar, we will present some of the background and history behind Enterprise Risk Management. Attendees will learn why ERM is important and how you can improve your institution by implementing some basics. We will also review the ERM Module in Scout and examine how you should use it and how it may evolve in the future.

To sign up for a session, click on the links below:

Wednesday, February @ 2:00-3:00pm (CST)

Thursday, January 19 @ 11:00am-12:00pm (CST)

If you want to catch up on a previous webinar session, you can watch them on our site now:

December 2011 Webinar: FFIEC Authentication Guidance

January 2012 Webinar: Mobile Banking

Catch up on our previously recorded webinars:

January 2012 Webinar: Mobile Banking Risks.

Supernal reviews the FDIC Winter 2011 Supervisory Insights article titled Mobile Banking: Rewards and Risks. Like the article, we’ll focus more on the risks and how mobile banking should be incorporated into your risk assessment. Even if you don’t supply your users with a downloadable mobile banking application, these risks still apply to your institution.

To view January 2012′s webinar “Mobile Banking Risks,” click on the video below.

Don’t worry – you can watch it now.

At Supernal, we realize people have busy schedules. Sometimes you can’t attend a live webinar session, or maybe you just want to freshen up on the latest risks and trends in risk management. That’s why we’re making our past webinars available to view in their entirety on our website.

To view December 2011′s webinar “FFIEC Authentication Guidance,” click on the video below.

The conference takes place in Salt Lake City, Utah, February 14 & 15.

In a time of tremendous change and challenge within the banking industry the 1st Annual UBA CEO/Senior Management Mid-Year conference provides an opportunity for bank leaders to come together and share insights, reinforce relationships, explore challenges, receive direction and formulate strategies. A dynamic program has been designed to meet the needs of bank executives on a wide range of topics. - UBA

For more information, visit www.uba.org.

January Topic: The Risks & Rewards of Mobile Banking

In this month’s webinar, we’ll review the FDIC Winter 2011 Supervisory Insights article titled Mobile Banking: Rewards and Risks. Like the article, we’ll focus more on the risks and how mobile banking should be incorporated into your risk assessment. Even if you don’t supply your users with a downloadable mobile banking application, these risks still apply to your institution.

To sign up for a session, click on the links below:

Wednesday, January 18 @ 2:00-2:30pm (CST)

Thursday, January 19 @ 11:00-11:30am (CST)

Anyone who works in finance is quick to catch his point.  They know that his personal information is worth far more than $100.  It’s worth more to a crook, and it’s worth more to Tom who’d have to spend at least 10 times that clearing up a case of identity theft.

But what we understand in a training session doesn’t always translate into daily action.  We get hired for enterprise risk management to walk through financial institutions doing risk assessments and social engineering tests.  We know we’re never going to see even a $20 bill lying out.  That’d be heresy in a bank.   But walk by an open cube, and we might find 20 home loan applications ripe for the plucking.

Here are a few daily reminders we’re good at protecting cash: 18-inch-thick steel reinforced concrete vaults, timed vault doors, elaborate alarm systems, cash counted and verified daily, teller drawers locked and stored in the vault overnight, robbery training.

Now ask, how are we reminded about information security?  Remember those loan files sitting out all day and night?

If your bank or credit union is held up at gunpoint and cash is stolen, you only have to tell your regulator and the FBI.  Sure, it’ll make the news, but anyone who hears about it feels bad for the staff and the bank.  The public assumes you did nothing wrong and that you were a victim. (The banks have locks, vaults and alarms after all…) 

However, if your information network is breached, you not only have to tell regulators and authorities, you may have to notify customers.  You’ll get a ton of press and your customers and the public won’t see you as a victim but rather as a business that didn’t do its job.  (Don’t they have a firewall and passwords?)

Now think about the impact on your customers.  When cash is stolen, your customers are fine.  They aren’t out anything.  But when their identity is stolen, they have to work hard to get it back and they never really know if they’re made whole.  (Am I finally through calling everyone and switching things?  Did I get everything? I’m so mad at that bank! )

Like cash security, information security is everyone’s responsibility.  And it’s a cultural shift that needs a champion in your organization.

The truth is, it’s harder to manage information than it is to manage money.  There’s no way to be 100 percent protected when it comes to enterprise risk management, but if you organize yourself, train, and use some better tools, you can limit your risks.  Make yourself better armed than you competitors and you won’t be the “low-hanging fruit.”

–
Pete Griffith is CEO of Supernal, makers of the Scout™ risk management dashboard.  Find him online at www.supernal.com and on Twitter @SeeScoutRun. 

Simplify risk management and regulatory compliance requirements with the most effective ERM dashboard.

Identify the real risks facing your bank or credit union and establish how to manage them more effectively.  With Scout software, every step of the risk management process – from accurately inventorying assets, risks and controls to building a comprehensive risk management plan – is tracked in one place, so risk, compliance and IT staff can work on assigned risk reduction tasks, be tracked for progress and prepare your institution for your examination.

With real-time reporting, and process tracking software, you can make better decisions and reduce time and costs.  Scout customers get automation and reporting for the following areas:

Request a software demo to see how Scout’s time saving dashboard format, artificial intelligence, reporting, task assignment capabilities and project management will reduce your risk, improve your decision making and save you money.