We have a cyber rider as part of our bank’s insurance policy. Won’t that cover any losses we have due to wire transfer fraud?
We currently keep electronic copies and paper copies of every change made on our website. How critical is it to keep these?
Do we need to confirm that our commercial wire transfer clients have controls in place to prevent wire transfer fraud?
Can information-sharing help prevent wire-transfer losses?
It seems that the MLA DMDC database is more complete than the SCRA DMDC database. For SCRA purposes, can we use the MLA DMDC for SCRA purposes?
I want to be sure we are correctly handling the annual report that needs to be made on compliance with the Red Flags rule. Two questions: Does the report have to be made to the Board of Directors and what is the content of the report.
marIt’s been about five years since we updated our Red Flags program. Do you think we’re still okay?
Will examiners be looking for detailed procedures on how we evaluate high flood deductibles?
What has happened to flood penalties in 2017?
How do you know if a low value building has an insurable value? Do you determine this by determining if it is insured on the borrower’s hazard policy?