David Bryan of IBM’s X-Force Red reveals how white hat hackers test (and often defeat) the cybersecurity measures businesses have in place, while offering practical advice for keeping bank data secure.
Continuing regulatory scrutiny should drive banks to perform comprehensive risk assessments on their mortgage servicing operations.
Comprehensive risk assessment is necessary not only to satisfy the examiners but also to protect the institution in an era of rapid regulatory change.
Improving an organization’s risk culture requires spreading the message deep into the ranks to get everyone thinking of themselves as a risk manager.
More effective risk management means bringing back the strategic planning component to operational risk management.
Recent lender losses have underscored the need to supplement credit bureau reports with alternative data sources.
To avoid damaging good customer relationships because of credit issues, financial institutions need to take a more proactive approach to handling delinquencies.
Effective risk oversight on a national and global scale requires a government-sponsored but non-regulatory organization.