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Password protection best practices for lending and risk management solutions

Abrigo

This post aims to share general best practices that can be used to optimize security through password management and also to share how bank and credit unions that leverage Sageworks’ web based solutions use enhanced password functionalities to highlight their institution’s commitment to information security.

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Today’s Cyber Risk Management

Cisco

While operational risk is not a contributing factor in a pandemic, the COVID-19 pandemic’s impact on financial services’ digitization does correlate with a material rise in cyber risk. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies.

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Managing real estate and construction lending risk

Abrigo

The lien attaches to the property and threatens the forced sale of the property if payment is not secured. Due to their nature and the potential impact on the loan, lien requests also need to be managed effectively. Read the whitepaper, "Red flags and warning signs of contractor failure."

Lending 195
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Key components of credit risk rating systems

Abrigo

In 2001, the OCC published the Comptroller’s Handbook on Rating Credit Risk , which highlighted the expectations of credit risk rating systems: 1. The system should be integrated into the bank’s overall portfolio risk management. The board of directors should approve the credit risk rating system.

System 150
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Helping SMBs Crack Digital ID Verification

PYMNTS

To take a phrase from the journalist’s handbook: Trust, but verify. In reference to security features beyond biometrics, the company has employed public and private key encryptions, as well as blockchain. However, the two sides of any given transaction may never see one another, so trust is crucial. To be exact, verify digitally.

Handbook 171
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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

The assessment applies principles of the FFIEC IT Handbook and the NIST Cybersecurity Framework. The FFIEC has released a mapping of the Cybersecurity Assessment Tool and the NIST Cybersecurity Framework to the FFIEC IT Handbook. External Dependency Management. Cyber Incident Management and resilience.

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