Latest Compliance - Security Topics

A presence on the Internet raises special privacy concerns. The possibilities of how information security can be breached are multi-directional.

It isn't a regulation yet, but the message is clear.

The new banking law contains several provisions related to customer privacy. First, the act requires financial institutions to have a privacy policy.

by Dana Turner

It isn't a regulation yet, but the message is clear.

In the past 18 months, the bank and thrift regulatory agencies have given detailed guidance on what institutions should do to protect customer privacy and have specified what policies and procedure

The new banking law contains several provisions related to customer privacy. First, the act requires financial institutions to have a privacy policy.

It is in the bank's interest to inform customers about ways that customer information could be used without customer authorization.

If you haven't gotten the message yet, the invasion of customer privacy by banks is out.

You may already have a privacy policy in your bank. This is the time to take a close look at that policy and decide whether it is sufficient for today's and tomorrow's needs.