Some of my branches have their vault money split 60/40 and kept in 2 separate vaults. Is this a common practice for most institutions?
Do you have an industry standard for Fraud Losses? (If possible, by debit card, ACH, check, etc).
If a financial institution discovers a crime or fraud and wants to notify law enforcement, what if anything is needed before records/documents are turned over to help with the investigation?
I am being told I do not need to report to the Board annually on Security. Is this true and, if so, when did that change?
Several years ago there was a formula that was given during some security training which was used to determine how many full time employees you needed in the Security Department. I have been trying to locate this but haven't been able to find it my notes or here on BOL. Can you send me the formula please?