Tax Season Scams

Tax Season Scams

by Eric Krell | April 13, 2022 | Banking and Financial Services, Industry Verticals, Third Party Risk Management

As tax season comes to a welcome close (file your returns – or an extension -- by April 18!), a recent spike in phishing attacks camouflaged as official IRS emails reminds us that basic cyber-hygiene, like fundamental third party risk management (TPRM) practices, remain pivotal even when tax-filin ....

Fiduciary Duty Of Boards: When Bad Things Happen To Good Public Accounting Firms

by Bob Jones | July 7, 2020 | Banking and Financial Services, Corporate Culture, Fraud

Recent events point to the need to reexamine the Fiduciary Duty of Boards. Wirecard AG, headquartered in Munich, Germany, is a large, international payments processing fintech company.  On June 19th, the Wall Street Journal reported that funds totaling approximately $2.1 Billion appeared to be m ....

Financial Crime Risks: What A Vendor Manager Must Know About Sanctions and Money Laundering

by Charlie Miller | June 24, 2020 | Banking and Financial Services

Shared Assessments’ Continuous Monitoring Working Group recently convened to examine the financial crime risks that a vendor manager must understand. Ken Wolckenhauer, head of vendor due diligence and review for the New York branch of Finland-based Nordea Bank, led the discussion around this serio ....

G-7 Financial Sector Fundamental Cybersecurity Guidance

October 14, 2016 | Banking and Financial Services, Cybersecurity, Guidance, Industry Verticals

This week the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System announced the publication of the G-7 Fundamental Elements of Cybersecurity for the Financial Sector. The document, released by central bank governors and finance ministers of the G-7 nations, delin ....

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Responsible Innovation The Key to Successful Growth for Banks

June 9, 2016 | Banking and Financial Services, Compliance, Corporate Culture, Industry Verticals, Office of the Comptroller of the Currency (OCC)

The Office of Comptroller of the Currency (OCC) initiated a working group in 2015 to begin to assess the evolution of technology and innovation in financial services, resulting in publication of a white paper at end of Q1, and requested industry comments on strategic questions. The dialog will conti ....

A Wonky April: A Collection of Thoughts From Key Privacy and Banking Conferences

May 4, 2016 | Banking and Financial Services, Event, Privacy

Last month heralded many milestones and events for those of us who tend to a bit of the geeky side of watching the political and regulatory landscape. I started and ended the month of April in Washington D.C. – The District that heralded early cherry blossoms, and later snowstorms, a precursor hi ....

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