Black Friday, card creepers, and aluminum; oh my!

Posted by The Power of N on Nov 19, 2015 11:00:00 AM

The Season of Perpetual Hope also comes with its share of creepers, thieves, and hi-tech criminals all out for one thing – your identity! 

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Topics: cybersecurity, emv

The FFIEC brings the Board to the block

Posted by The Power of N on Nov 17, 2015 12:09:43 PM

With the FFIEC’s November 2015 release of the organization’s IT Technology Examination Handbook, many financial institutions’ board members get a big surprise.

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Topics: cybersecurity, contract management, vendor management

EMV chips are here. Are you ready?

Posted by The Power of N on Nov 17, 2015 7:00:00 AM

Financial institutions need to prepare for the EMV chip mandates. Specifically, equipment and operational requirements, parameters, controls and procedures that support the implementation of the EMV program. FI’s will also need to engage applicable vendors and providers to map out a potential plan that could include outsourcing card production currently done in-house.

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Topics: vendor management

EMV chips - a required FI nightmare?

Posted by The Power of N on Nov 12, 2015 11:00:00 AM

Granted, last month was the time for scary situations but the switch from magnetic swipe cards to EMV chip cards is making November even more daunting for financial institutions.

Given the number of tasks involved and related regulatory standards applicable to this massive rollout, successful integration of chip card issuance and terminal integration is key.

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Topics: emv

The auditors are coming! The examiners are coming!

Posted by The Power of N on Nov 10, 2015 4:10:30 PM

It’s no secret findings from audits and exams are getting more complex in this world of online banking and cyber-security compliance mandates.

At the beginning of 2015, the NCUA released new requirements and areas of focus for IT examinations in an effort to make sure credit unions are prepared to protect their data from increased cyber-attacks. FINRA has already announced its top three exam priorities for 2016, prior to the release of its annual Regulatory and Examination Priorities Letter.

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Topics: nfindings, findings management, automated findings management


This blog is a resource for vendor, contract and risk management insights and information from us to you.

If there is a new development in keeping third-party vendor relationships and contracts compliant, you'll find it here. As soon as Ncontracts uncovers news of financial data breaches, we'll post useful tips on how those situations could be avoided. The Nblog lays out industry trends in an interesting way. We invite you to subscribe to our updates and engage us in coversation with your thoughts and ideas. This is as much a forum for us as it is for you.

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