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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.

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5 reasons your financial institution should attend the ThinkBIG 2024 conference

Abrigo

Get your ticket now for ThinkBIG, an industry-leading learning and networking event. Consistently rated a top industry event by attendees, ThinkBIG brought together 650 people from banks, credit unions, and partners in 2023. Don't miss news about the ThinkBIG conference and other Abrigo events.

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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

To continue reading and learn four essential risk-based questions to ask when evaluating a customer’s credit-worthiness, you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing customer credit risks? Ensure the account meets your cybersecurity requirements.

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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. Credit Risk. Lending & Credit Risk.

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Top 5 Regulator Hot Topics During COVID-19 and Beyond

Abrigo

It seems there is no end to the bizarre events being reported from the pandemic to wildfires and murder hornets. Lending & Credit Risk. Financial Cybersecurity. Regulators have determined there are five top hot topics that institutions should expect during their next exam. Now is the time to show what you’ve got.

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Getting Your Financial Institution in Shape for Loan Workouts Amid the Coronavirus Pandemic

Abrigo

Many loans will deteriorate due to the ripple effect following the pandemic, or due to other economic events, such as shocks to the energy sector. Prioritizing these requests will be critical in successfully managing credit risk and maintaining profitability. Financial Cybersecurity. Artificial Intelligence. BSA Software.

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Cyber Complications for Vendor Risk Management

Abrigo

This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. This movement to the cloud requires a robust vendor due diligence process and rigorous ongoing third party management that includes a focus on cybersecurity controls. Understand the vendor’s financial stability.