On July 1, 2016, the Federal Deposit Insurance Corporation (FDIC) implemented the Information Technology Risk Examination (InTREx) Program for conducting information technology and operations risk...
Chris Bedel
Recent Posts
FDIC Implements New IT Examination (InTREx) Program
by Chris Bedel | Jul 6, 2016
Amendment to the Annual Privacy Notice Requirement Under the Gramm-Leach-Bliley Act (Regulation P)
by Chris Bedel | Jul 2, 2016
The CFPB is proposing to amend Regulation P, which requires, among other things, that financial institutions provide an annual notice describing their privacy policies and practices to their...
The Internet of Things in Retail Banking
by Chris Bedel | Jun 29, 2016
The Internet of Things (IoT) has gained a considerable amount of hype as the “Next Big Thing” to change the world as we know it. Applications of IoT are thought by some to be limited only by the...
The Internet of Things in Retail Banking
by Chris Bedel | Jun 29, 2016
The Internet of Things (IoT) has gained a considerable amount of hype as the “Next Big Thing” to change the world as we know it. Applications of IoT are thought by some to be limited only by the...
Chargeback Relief: Does It Go Far Enough? Is It Fair to Issuing Banks?
by Chris Bedel | Jun 25, 2016
Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud chargebacks to U.S. merchants, which began as a result...
Chargeback Relief: Does It Go Far Enough? Is It Fair to Issuing Banks?
by Chris Bedel | Jun 25, 2016
Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud chargebacks to U.S. merchants, which began as a result...
Will Your Cyber Insurance Cover That?
by Chris Bedel | Jun 24, 2016
What does your cyber insurance policy cover? When did you last compare it to your risk assessment to see if it is actually mitigating the risks like you've documented and reported to the board? Has...
Is an Internal Penetration Test Now More Important Than an External Pen Test?
by Chris Bedel | Jun 22, 2016
Ancient Akkerman fortress at Belgorod-Dnestrovsky, near Odessa, Ukraine The status quo for community financial institutions when it comes to penetration tests and vulnerability assessments seems...
Getting Called Out on Cybersecurity
by Chris Bedel | Jun 22, 2016
Seventy-seven percent of respondents to Bank Director’s 2016 Risk Practices Survey identified cybersecurity as their number one risk concern—and yet the great majority of them discuss cybersecurity...
Why Credit Unions Should Start Selling Cyber Security
by Chris Bedel | Jun 20, 2016
I believe that cybersecurity is an enabler. Without it, banks and credit unions could never offer the awesome products that are available to their customers and members today. Security and controls...