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Why Documentation is an Essential Priority During the COVID-19 Pandemic
While financial institutions have spent the last nine months focused on pandemic response and ensuring critical services remain available to their customers and members, there are other key areas of consideration to ensure their institutions remain compliant and can thrive in the future, including documentation. Unfortunately, few financial institutions are adequately documenting their efforts and […]
3 Key Concepts to Incorporate into Your Business Continuity Management Plans
The 2019 FFIEC Business Continuity Management Handbook represented a significant change in how bank and credit union examiners will assess your business continuity planning efforts going forward. Here are 3 concepts to make sure you’ve incorporated into your Business Continuity Management Plan (BCMP): 1. Likelihood and Impact According to the Federal Financial Institution Examination Council’s […]
The Importance of Performing a Cybersecurity Gap Analysis for Banks and Credit Unions
In response to the Coronavirus pandemic, many financial institutions have implemented new technologies and made modifications to their IT infrastructure to better serve customers, members, and employees during this time. These changes may have increased the institution’s inherent risk profile, however, making it necessary to review the Federal Financial Institution Examination Council’s (FFIEC) Cybersecurity Assessment […]
How Banks and Credit Unions Can Maintain Business Continuity to Achieve Effective IT Management
Banks and credit unions of all sizes experience some level of turnover or unexpected absence that can affect internal positions. When the IT administrator role is impacted, it can cause the most disruption, especially for smaller community institutions, as many have limited resources and may rely on only one employee in the role. When an […]
The Impact of Digital Banking During the Coronavirus Pandemic
The coronavirus (COVID-19) pandemic has drastically reshaped the way banks and credit unions operate today. While financial institutions value face-to-face interactions with their customers and members, social distancing requirements and other safety precautions have caused retail banking to go almost entirely digital. This change impacts not only how financial institutions conduct their business and interact […]
Why Safe Systems Made the Switch from Java to Amazon Corretto for Network Management
Java is a programming language and computing platform first released by Sun Microsystems in 1995. On April 16, 2019, Oracle (who owns Java and its development) changed its client-based Java model from free to fee-based. This created a huge issue in the marketplace because so many businesses, consumers, applications used Java and based their code […]
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