We've put together the latest news on vendor risk management to keep you in the know.
The Fed focuses on UDAP, you might see a new set of cybersecurity standards in the near future, US Treasury releases fourth and final report on the state of the financial system, retail breaches are up nearly 50% (yikes!) and more. Read below.
Industry News for the Week of September 3
UDAP (not UDAAP) focus by FRB: Read here
FinCEN on the value of Suspicious Activity Reporting (SARs): Read here
How are banks and fintechs getting along? Read here
Sounds like a new set of cybersecurity standards coming from NIST: Read here
Revisiting disaster preparedness and innovation in an article published and updated from last year: Read here
US Treasury releases fourth and final report on the state of the financial system: Read here
Retail data breaches up nearly 50% (just from last year!) Read here
Equifax outrage has fizzled, largely with so much else going on: Read here
NIST Public Workshop to gather input on Oct 16 in Austin: Read here
An argument I make often for regulatory compliance – if done well, just like this article points out on GDPR, it opens other competitive advantages: Read here
The impact of the OCC fintech charter on credit unions – the jury is still out: Read here
It's official - fintech is now a word in the Merriam-Webster Dictionary: Read here
A long standing best practice for financial services companies is to maintain a robust third party risk management program. Does yours measure up to the industry standard? View our on-demand webinar now bring your program up to speed.