CU*BASE tool hints for compliance and auditing

March 27, 2013 Webinar

Thank you to everyone who joined us last Wednesday for the Concentration Risk and Abnormal Activity Monitoring Best Practice webinar.  As promised, I have attached the PowerPoint presentation. Concentration Risk and abnormal activity montitoring 3-27

Responding to NCUA Risk Alert 13-Risk-01 for Managing Distributed Denial-of-Service Attacks

In February 2013, the NCUA published a risk alert advising credit union CEOs and boards of directors on steps they should take to evaluate risks associated with Distributed Denial-of-Service (DDoS) attacks. The risk alert addresses three strategies for mitigation: Performing risk assessments to identify risks associated with DDoS attacks Ensuring that incident-response programs include a […]

NCUA Supervisory Focus Letter for 2013

The NCUA has released their Supervisory Focus Letter for 2013.  Headlining the letter are concerns by the NCUA about information security and fraud detection.  Prior to an examination, management and the board of directors should review controls in CU*BASE regarding employee security, online banking security, and abnormal activity monitoring.  In addition, the NCUA still has […]

AuditLink Client Focus Group

Thank you to everyone who attended today’s webinar.  Below is the link to the PowerPoint presentation. On a personal note, it has been our pleasure doing business with all of you and we look forward to serving you in the coming year. Happy Holiday’s from your AuditLink team! Focus Group Presentation  

Notice of Intent to Share Information 314(b)

So, you may be asking, “Why file a Notice of Intent to Share Information?” I ask you, “Why Not?” The USA Patriot Act Section 314(b) gives financial institutions permission to share information with one another in order to identify, and report to the federal government, activities that may involve money laundering or terrorist activity. This […]

October 30th Webinar Presentations

Thank you to everyone that attended all of the webinar’s on Tuesday, October 30.  As promised, Patrick has provided the PowerPoints used during the presentations. 9.01 IT Risk Management – A Quantitative Approach  While I encourage credit unions to look at and use numbers when making decisions, relying on numbers alone is a mistake.  For example, if […]