The OGO Blog

FFIEC IT HandBook – E-Banking Part 2

If you’ve followed our blogs lately, you may have noticed our focus has been on providing educational material to help you as a Credit Union leader mitigate the risks you encounter. E-banking (online banking) is a necessary delivery channel that your members have come to expect. Providing the service does not come without risks however.…

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What happens if a Credit Union doesn't follow FFIEC guidelines?

We’ve blogged quite a bit lately about FFIEC Information Technology compliance standards and even pulled it all together into an e-book to make it easier to use as a guide.  But this week, a reader reached out to ask the ultimate question “What happens if I don’t follow the FFIEC guidelines?” Understanding the role and…

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FFIEC Requirements – E-Banking

If you’ve been in the financial world for a while, you may recall that “online banking” was supposed to reduce/eliminate the need for traditional “brick and mortar” branches.  Needless to say, that didn’t happen. E-banking as a delivery channel fell right in line with other convenience type services such as ATMs, telephone tellers and even…

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What Does the FFIEC Say About New Technology Projects?

Considering today’s complex I.T. infrastructures I think you’d agree that simply throwing something into your data center without a well-developed project plan not only lacks the type of due diligence expected of your members but also borders on negligence

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FFIEC Requirements – BCP Board Oversite

in virtually every section of the FFIEC IT Handbook you’ll find an entire segment on “roles and responsibilities” – An area that defines who and who shouldn’t be performing certain duties/roles. Our next section to review – “Business Continuity Planning”…

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FFIEC Requirements: Credit Union Technology Audit

Often overlooked and always misunderstood (oh wait… wasn’t that a song?), Information Technology auditing can make even the most hardened CIO’s take defensive stands in a misguided attempt to protect the team and their…

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