Booz Allen Hamilton released their Top 10 Financial Services Cyber Risk Trends for 2013. They did a great job on identifying trends and provide a bit of insight into what is happening in the field, while providing some advice and...
The need to go beyond calendar based assessments. The frequency of vendor risk assessments is generally driven by the level of risk associated with the type of services provided by the vendor. A good approach for companies to follow is...
Why should a Third Party Service Provider (TPSP) care about consumer protection regulatory issues? Because your client cares and your client’s examiner and regulator cares. Examiners and regulators are holding financial institutions accountable for the actions of their TPSPs through...
Remember this: Edward Snowden Worked for a Third-Party Vendor. While it remains uncertain what exactly Mr. Snowden shared with other nations, we do know this: he wasn’t authorized to disclose classified information. Some may believe he is a hero, others...
On July 12, 2013, the Consumer Financial Protection Bureau (CFPB) updated its definitions regarding what constitutes an "unfair" practice by a debt collector under the Fair Debt Collection Practices Act (FDCPA). ((Consumer Financial Protection Bureau (CFPB), Fair Debt Collections Practices Act....
Risk is a tricky thing. Without it, growth is impossible. But it’s not just about taking more risks, it’s about understanding and controlling the risks you take. Entrepreneurs’ biggest threats take many forms, including strategic, operational, financial and compliance risks....
