FDIC Implements New IT Examination (InTREx) Program

On July 1, 2016, the Federal Deposit Insurance Corporation (FDIC) implemented the Information Technology Risk Examination (InTREx) Program for conducting information technology and operations risk (IT) examinations of FDIC-supervised financial institutions.

The FDIC has indicated that banks will now be rated in various areas of risk that will then be combined for an overall composite IT rating.  This will change that way that FDIC examinations take place...
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Cybersecurity Assessment Tool, and Why It's Important

Cybersecurity Assessment Tool, and Why It's Important

I recently had the opportunity to give a high-level presentation to a group of bank compliance professionals on the Cybersecurity Assessment Tool.

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Is an Internal Penetration Test Now More Important Than an External Pen Test?

Is an Internal Penetration Test Now More Important Than an External Pen Test?

Ancient Akkerman fortress at Belgorod-Dnestrovsky, near Odessa, Ukraine The status quo for community financial institutions when it comes to...

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Chargeback Relief: Does It Go Far Enough? Is It Fair to Issuing Banks?

Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud...

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