Browsing: Third-party risk

Technology

As part of its efforts to facilitate community bank innovation, the Federal Reserve may provide banks with information about core processors and other critical third-party vendors that the banking agencies supervise directly, Fed Governor Michelle Bowman said today at ABA’s Conference for Community Bankers in Orlando, Florida.

Cybersecurity

According to a recent survey of community bankers, cybersecurity was the highest-rated risk concern, with over 96% of community bank CEOs reporting that they considered it an important or very important risk factor for their bank.

Cybersecurity

With several providers now offering security ratings—also known as risk scores or risk ratings—as a way to measure an organization’s level of cybersecurity, a new white paper by the American Bankers Association examines the pros and cons of these ratings systems and how they should be used by financial institutions.

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