Jim to discuss practical aspects of the Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers
On Monday, May 2, 2022, CRINDATA Co-Founder Jim Freis will be speaking at “Smarter Faster Payments 2022” , Nacha’s* annual conference bringing together payments professionals from financial institutions, solutions providers and corporates. He will speak on an Executive Series panel entitled, “Moving from a Microscope to a Telescope: An In-House View from Ex-Regulators.”
He will illustrate by explaining practical aspects of the Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers, the new regulation from the Federal Banking Agencies which goes into effect on May 1. More information about these and related requirements for banks, service providers and other companies, as well as solutions for common operational risk management challenges, may be found at www.CRINDATA.com.
*Nacha governs the ACH Network, the payment system that drives Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts.
About Jim Freis:
Jim has devoted his career to promoting the integrity of the global financial markets. He is best known in the United States as the longest-serving Director (2007 to 2012) of the United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN), overseeing regulations covering the broadest range of financial institutions in coordination with their primary licensing authorities, and for applying data-driven efforts to combat fraud exposed through the Global Financial Crisis. After FinCEN, Jim was based in Frankfurt, Germany with the Deutsche Börse Group, Europe’s largest provider of systemically significant financial market infrastructures, responsible for overseeing compliance and relations with global regulators including in the implementation of a holistic internal control system approach among Risk, Compliance, Information Security and Outsourcing oversight functions.
About CRINDATA:
CRINDATA, LLC (www.CRINDATA.com) offers unique cloud-based solutions to financial institutions who must actively manage their critical third-party relationships (including their indirect relationships with subcontractors) and must prepare for and mitigate business disruptions management and cybersecurity events originating anywhere in the chain of service providers and subcontractors. Concurrently, CRINDATA helps third party service providers like core systems, payments providers, transaction motoring solutions, banker’s banks, and corporate credit unions, by substantially simplifying the due diligence interactions with financial service companies and by providing a complaint, common platform to manage business disruptions and cybersecurity events when they occur.
Reach CRINDATA at info@crindata.com
202.990.6990
