Staying On Top of Vendor Risk Management News: Week of September 3

We've put together the latest news on vendor risk management to keep you in the know. 

The Fed focuses on UDAP, you might see a new set of cybersecurity standards in the near future, US Treasury releases fourth and final report on the state of the financial system, retail breaches are up nearly 50% (yikes!) and more. Read below.

Industry News for the Week of September 3

UDAP (not UDAAP) focus by FRB: Read here

FinCEN on the value of Suspicious Activity Reporting (SARs): Read here

How are banks and fintechs getting along? Read here

Sounds like a new set of cybersecurity standards coming from NIST: Read here

Revisiting disaster preparedness and innovation in an article published and updated from last year: Read here

US Treasury releases fourth and final report on the state of the financial system: Read here

Equifax outrage has fizzled, largely with so much else going on: Read here

NIST Public Workshop to gather input on Oct 16 in Austin: Read here

An argument I make often for regulatory compliance – if done well, just like this article points out on GDPR, it opens other competitive advantages: Read here

The impact of the OCC fintech charter on credit unions – the jury is still out: Read here

It's official - fintech is now a word in the Merriam-Webster Dictionary: Read here

A long standing best practice for financial services companies is to maintain a robust third party risk management program. Does yours measure up to the industry standard? View our on-demand webinar now bring your program up to speed.