Remove CECL Remove Cybersecurity Remove Information
article thumbnail

The 2023 NCUA supervisory priorities: Takeaways for credit unions implementing CECL

Abrigo

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

article thumbnail

How to detect counterfeit checks

Abrigo

Any signs of tampering, like altered, eradicated, or erased information, suggest the check might be counterfeit. Missing or mismatched MICR numbers, bank routing numbers, or check numbers likely indicate a counterfeit check. Alterations : Alterations are a common tactic in check fraud.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 reasons your financial institution should attend the ThinkBIG 2024 conference

Abrigo

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. For more information on registration, conference tracks, session topics, or attendance options, visit abrigo.com/thinkbig. Regular registration ends May 10.

CECL 78
article thumbnail

Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. The war in Ukraine has financial institutions on high alert for cybersecurity threats. Stay up to date with cybersecurity issues.

article thumbnail

2023 Fraud trends: What banks and credit unions can expect

Abrigo

Ransomware is a form of malware targeting both human and technical weaknesses to access critical data and extort money in exchange for not sharing proprietary information. If the victim responds to the email or clicks on an embedded link, confidential account information could be leaked, or malware could infiltrate your company network.

article thumbnail

Data-driven strategies for banks and credit unions: Start here

Abrigo

Takeaway 1 Exactly what information is needed to evaluate the viability of identified short- and long-term goals? Make informed decisions faster. Then, determine which reports/insights can answer those questions and better inform decisions. Would you like other articles like this in your inbox? Do you have the right technology?

article thumbnail

Cyber Complications for Vendor Risk Management

Abrigo

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. Portfolio Risk & CECL. Portfolio Risk & CECL. Credit Risk.