Industry Updates & Best Practices

Managing risk and ensuring compliance often seems like a daunting task, but it doesn’t need to be. Here are some additional resources to keep you up-to-date on the latest industry news and provide you more background and education:

Webinar: Top of Mind in 2010

A recent poll of financial institutions reported that a major source of fear and confusion in regards to their annual exams stems from not knowing what the
examiner is going to look for in IT and information security and how they want this information presented. We took this data and decided to find out exactly what examiners are expecting this year.	Download Webinar

Spreadsheets Aren't Free

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 for dividends. It's time to automate... for the sake of the bottom line.	Download PDF

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 job. Yet even as compliance spending outstrips revenue growth, few organizations are seeing a real benefit in return. More people aren't the only path to compliance. Here, we compare the old and new ways to manage these mounting regulations.	Download PDF

Woodland Bank Case Study

Woodland Bank is a family-owned institution with a 90-year history of service to the families and business of Minnesota. With six branch locations through-out the
north central region of the state , the bank has established itself as a modern, forward thinking organization. Woodland Bank opened a separate loan production office, supporting increased residential and commercial development in their area. Find out how Scout helped them decide on the necessary security measures for this new office.	Download PDF

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. Examiners are putting a stronger focus on the guidelines, pushing organizations to better prepare themselves for the unexpected.	Download PDF

Risk Assessment Best Practices Brief

Risk assessments are key to helping you comply with risk management and data security mandates. Done well, a risk assessment saves you both time and
money by determining which areas of the company are most vulnerable and helping you prioritize information security spending. Here are some best practices based on the collective experience of dozens of banks and credit unions that can help you get the most value from your institution’s investment in risk assessments.	Download PDF

Scout Risk Management Dashboard white paper

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 procedures, allowing them to meet regulatory requirements, demonstrate compliance to examiners, and manage information security expenses.	Download PDF