Banking Technology Connections: September 18, 2012

This week's list of articles includes an interesting interview with the FDIC that discusses how examiners will be more receptive to a bank's 'Good Faith Effort' during examinations (FDIC Will Make Allowances for Banks That Show Good Faith Effort to Meet FFIEC Guidelines).  Along with recognizing the challenges between large banks and community banks, the article highlights how changes in technology make it virtually impossible for the Agency to push guidance on any specific technology trend.  Instead, the Agency is focusing on your efforts to ensure that the technology fits the business objectives of the Bank, as well as making sure you identify and mitigate any risks that the technology presents.  When you make a new technology initiative, will your documentation stand up to the test?

Interesting Articles of the Week
FDIC Will Make Allowances for Banks That Show Good Faith Effort to Meet FFIEC Guidelines
(Via @SecurityEditor)

FDIC Releases National Survey of Unbanked and Underbanked: Some suggestions how technology can help
(via @mattputvinski)

Visa launches new end-to-end encryption service
(via @SecurityEditor)

Can the Cloud Ever Be Safe?
(Via @banktech)

New PCI Certification. Bob Russo explains
(via @SecurityEditor)

Upcoming Events
9/18/12 (Wisconsin Dells, WI) 
Wisconsin Bankers Association: Technology Conference

10/17/12 (Marlborough, MA) 
Massachusetts Bankers Association: IT Audit Training 2012

11/2/12 (Atlantic City, NJ) 
NJ Bankers Association: BankHorizons

Do you have an event that you would like to share with the group?  Let us know and we will add it to the list!

Questions? Interested in learning more about Wolf's IT Assurance and Security services?
Please contact Matthew J. Putvinski, CPA, CISA, CISSP, Member of the Firm and Director of IT Assurance and Security services, at (617) 428-5479 or mputvinski@wolfandco.com.

If you would like to subscribe to this newsletter and receive it via email please contact Sam Sexer at ssexer@wolfandco.com.