July 21, 2012 8:25 PM
Posted by: David Schneier
Add new tag,
assess,
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bank,
banking,
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banks,
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Sheila Bair,
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Vendor Management,
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vendor risk assessmentI was an unabashed fan of Sheila Bair and made no secret of that fact. She was a breath of fresh air in a line of work where everything is stale and always at least a little boring. Not that Martin Gruenberg is any less effective running the FDIC, he's just a whole lot less interesting to pay...
July 6, 2012 3:18 AM
Posted by: David Schneier
assess,
assessment,
assessments,
Audit,
audits,
bank,
banking,
banks,
compliance,
compliant,
control,
credit union,
credit unions,
CU,
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ERM,
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Risk IT,
risk management,
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vendor,
Vendor Management,
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vendor risk assessmentThere's a joke of sorts within my personal circle of family and friends regarding what it is that I do these days. Ask me and I'll tell you that I'm a regulatory compliance expert who advises financial institutions on how to comply with the myriad rules and regulations governing information...
April 29, 2012 7:43 PM
Posted by: David Schneier
assessment,
assessments,
Audit,
compliance,
control,
control owners,
controls,
findings,
GLBA,
internal audit,
NCUA,
regulations,
regulatory,
Regulatory Compliance,
risk,
risk assessments,
risksMy first encounter with an auditor was back in the mid-90's while working as an application project manager for a Fortune 100 company. The group responsible for change management was going through an audit of their process and one of the changes that was selected for review happened to belong to...
February 16, 2012 5:49 PM
Posted by: David Schneier
BITS,
COBIT,
compliance,
GLBA,
ISACA,
ITGI,
NCUA,
regulatory,
Regulatory Compliance,
Shared Assessement,
SIG,
Vendor Management,
vendor risk,
vendor risk assessmentOn Monday the BITS Shared Assessment was free, on Tuesday it cost $5,000 per year (at a minimum).
My first thought was that it was just like what drug dealers do - they give you free product until you're hopelessly addicted and then start making you pay to feed that addiction. My second...
February 3, 2012 5:58 PM
Posted by: David Schneier
Audit,
auditor,
compliance,
controls,
exam,
examiner,
FFICE,
GLBA,
governance,
GRC,
internal controls,
NCUA,
regulations,
regulatory,
Regulatory Compliance,
riskI was sitting in a meeting this week listening to a group of very bright people talking about an initiative centered on installing a software solution and I realized something rather disturbing; somewhere along the way in our industry governance, risk and compliance has started melting together and...
January 8, 2012 9:27 PM
Posted by: David Schneier
assess,
assessment,
Audit,
compliance,
exam,
examination,
examiner,
FDIC,
GLBA,
NCUA,
regulations,
regulatory,
Regulatory Compliance,
risk,
risk assess,
risk assessmentI've been in the solutions selling business on and off for about a decade but exclusively so over these past four years. Up until becoming a partner in my current practice I pretty much was always only involved in helping sell the solution and usually implementing it before moving on. Seldom...
November 18, 2011 12:22 PM
Posted by: David Schneier
assessment,
Audit,
compliance,
FDIC,
Federal Reserve Bank,
FRB,
GLBA,
NCUA,
OCC,
OTC,
regulations,
regulatory,
Regulatory Compliance,
risk,
risk assessment,
vendor,
Vendor Management,
vendor risk,
vendor risk ratingI don't think I'm due to post about vendor management again at least until January 2012 (I try to limit topics to twice a year) but I've had something kicking around my head for a few days now and it needs a proper vetting.
Does anyone know why vendor management is such a big issue for banking...
November 11, 2011 7:41 PM
Posted by: David Schneier
assessment,
Audit,
compliance,
GLBA,
hack,
hacker,
NCUA,
phish,
phishing,
red flags,
red flags identity theft,
regulatory,
Regulatory Compliance,
scam,
smish,
smishing,
vish,
vishingThis is something akin to my annual public service announcement (PSA) for anyone who has cash-on-hand, a bank account, an investment account or perhaps even a piggy bank: As long as you have money there's someone out there right now scheming to try and take it away from you.
I'm having that...
October 26, 2011 8:36 PM
Posted by: David Schneier
assessment,
bcp,
business continuity plan,
GLBA,
NCUA,
NCUA Part 748,
regulations audit,
regulatory,
Regulatory Compliance,
risk,
risk assessment,
Vendor ManagementI remember conducting a risk assessment a few years back for a credit union in which they were missing just about every artifact necessary to prove compliance with NCUA Part 748 (if you're not already aware, thats GLBA for credit unions). It was, for lack of a better term, a...
