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The OGO Blog

Posts Tagged ‘Credit Union risk management’

What are the FFIEC Backups and Data Vaulting Requirements?

Keeping up with the multitude of options available for backups/data vaulting can be a challenge for even the most tech savvy Credit Union CIO. Not only are there different strategies (3-2-1, Full, Differential, Incremental, Mirroring, etc.) but other things like your existing infrastructure, location of storage options and RTO/RPO’s make this an especially difficult strategy…

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Are Regulatory Requirements Killing Credit Union Innovation?

Ongoing Operations recently held its client advisory board meeting.  While we had realized the compliance pressures had been mounting we were blown away with how bad it has gotten.  One client had actually measured and articulated their situation. The client, a mid-sized Credit Union, had about 200 hours of labor available for R&D, new projects…

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What Do The New FFIEC DDoS Guidelines Mean To My Credit Union?

It’s no secret that a DDoS (Distributed Denial of Service) attack can have a devastating impact on your Credit Union and unless you simply are in denial – you are probably taking some sort of proactive measure to investigate mitigation strategies that meet your RTO/RPO goals.  For those in cyber-denial, an industry-wide wakeup call came from the FFIEC…

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How Do I Prepare for an NCUA IT Examination?

So NCUA will be onsite soon and you’re wondering if you’ve crossed all your T’s and dotted all your I’s? Even the most competent leader may get a bit anxious wondering if they have everything in place for an NCUA IT Examination.  So if you’d like a few tips on how you can be as prepared as…

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FFIEC Credit Union Cloud Services – Part 2

In an earlier post, we reviewed a portion of the examiners guidelines for Credit Union cloud services.  Today we continue that discussion with a breakdown of more in the Appendix A –  FFIEC IT Handbook – Outsourcing Technology Services. Remember our goal is simply to provide an overview along with some insight from our OGO…

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FFIEC IT Handbook – Credit Union Cloud Services – Part 1

While researching a question for a client regarding cloud computing and NCUA examination requirements, my attention was drawn to the FFIEC IT Handbook – Outsourcing Technology Services section where they do an excellent job of outlining the expectations surrounding Credit Union cloud services (among other outsourced services).  Realizing not everyone has a chance to sit down…

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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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