Remove Risk Management Remove Security Remove social media
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Fraud typologies all financial institutions should know

Abrigo

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details.

Fraud 221
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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

Equally important is the bank’s securities duration, as shown in the graph below. Approximately 56% of the bank’s securities had repricing greater than 15 years. SVB’s securities portfolio is high credit quality (Treasuries and quality MBS) but long duration. at the end of 2022, with $2.4B

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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime. Romance scams: These scams involve fraudsters building online relationships with elderly victims, often through social media or dating apps.

Fraud 195
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IBM in “Leaders” Quadrant of 2019 Gartner Magic Quadrant for IT Risk Management, fourth report in a row

Insights on Business

It’s gratifying to see IBM once again positioned in the Leaders Quadrant of the 2019 Gartner Magic Quadrant for IT Risk Management, released on July 3 rd for its OpenPages with Watson solution.* Digitalization brings along risks like IT security, Cybersecurity, etc.

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Facebook Wants Engineers And Researchers For Blockchain Team

PYMNTS

Social media giant Facebook is looking to grow its blockchain team, according to a report. The company posted on its careers page that it’s looking for data engineers and scientists, software engineers and a product marketing lead for its blockchain team.

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It Started with a Tweet #SocialMedia #Banks @ICBA

Independent Banker

A status update on banks and social media. According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. .* 140-word summary of the social media guidance.

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Fair Value Accounting and Silicon Valley Bank Failure

South State Correspondent

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple.