2014 Tactics for Small Banks
Each year I make a list of what we see small banks considering when they strategize for the upcoming year. The following is a list of twenty such tactics:
- Continue with Customer Education Rollout
- Consumer Capture (or mobile remote capture or whatever your vendor calls it)
- Finish Multi-factor Authentication, Move it to the Transaction
- IRP Scenario Testing: DDoS and CATO
- Anomaly Detection on ACH and Wire Transfer Transactions
- Investigate Enterprise Risk Management Applications
- Vendor Management Applications
- Respond to New Guidances: Social Media Guidance, Third Party Management Guidance, rumors of guidance on portable device security.
- Addressing Windows Upgrade Issues: XP Retirement, what to do about Windows 8?
- Debit card fraud protection
- Update Branchless Banking Strategy
- EVM Planning and Preparation / ATM Upgrades for EVM Chip
- Increased demand for benchmarking
- Board portals, byod, portable device strategies
- Personal Financial Management
- Bank2Bank Payments
- Monitor BYOD and Portable Device Strategies
- Monitor Cloud Computing
- Finish Network Monitoring Layers: ELM, DLP, Endpoint Security, NAC
- Continue researching Digital Discovery and E-Retention, to be ready to create a position when necessary.
Dan Hadaway CRISC, CISA, CISM
Founder and Managing Partner, Infotex
“Dan’s New Leaf” is a “fun blog to inspire thought in the area of IT Governance.”