NCUA released a letter to credit unions detailing its supervisory priorities for 2023 (23-CU-01). The NCUA will continue to conduct exams both onsite and offsite. The Small Credit Union Exam Program will remain in place for most federal credit unions with assets under $50 million; while the risk-focused exam procedures will be used for all […]
Click here to read this quarter's Compliance Spotlight - highlighting the latest company news, regulatory reminders, and valuable resources to help elevate your institution's compliance programs!
Supervisory priorities for financial institutions have remained consistent for the past few years; however, the security and compliance team at BTG anticipates a heightened focus on specific areas of concern moving into 2023. Financial institutions should revisit guidance within the following areas to ensure requirements or industry standards are met and necessary resources can be […]
Websites are an important service tool for financial institutions- providing details specific to products and services, current promotions for interest rates and lending programs, and online access for customers to manage their accounts. Maintaining a robust website is a competitive marketing advantage; however, there are industry regulations and best practices that can present challenges with […]
The FFIEC released an update to the October 2018 Cybersecurity Resource Guide for Financial Institutions. The update resource guide now includes ransomware-specific resources to address the ongoing threat of ransomware incidents. The resource guide can be found here. For more information, contact Elisabeth Esposito at eesposito@buckleytechgroup.com
Click here to read this quarter's Compliance Spotlight - highlighting the latest company news, regulatory reminders, and valuable resources to help elevate your institution's compliance programs!
Elisabeth Esposito, Vice President of Professional Services, will be speaking at the Cybersecurity Summit Series sponsored by Cooperative Systems on Thursday, September 15th from 9:00am-12:00pm. Join us during this virtual event as we share industry-specific insights on cyber threats and weaknesses, and provide financial institutions with actionable items that will enhance enterprise-wide cyber security initiatives. […]
Evaluating a credit union’s Vendor Management Program continues to be a priority during audits and examinations to ensure best practices are in place to monitor third party risk. However, many financial institutions today fall short in implementing a comprehensive compliance program to manage third parties beyond the vendor onboarding process. Vendor risk assessments and due […]
There are numerous reasons why financial institutions should conduct independent security assessments and audits of its IT infrastructure. We have provided the top five reasons your institution should implement an annual IT audit plan: Comply with regulatory requirements – Financial institutions are required to perform IT security testing to ensure specific information security requirements are […]
Click here to read this quarter's Compliance Spotlight - highlighting the latest company news, regulatory reminders, and valuable resources to help elevate your institution's compliance programs!
