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Entries in FDIC (20)

Friday
Oct102014

Cyber-security: FDIC Issues Warning on “Shellshock” and “Bash”

On September 29, 2014, the FDIC, on behalf of the Federal Financial Institutions Examination Council, issued an alert to banks on recently discovered material vulnerabilities in the security of the GNU Bourne-again shell system software -- nicknamed “Bash” -- commonly used by bank servers and computers. Researchers reported the newly discovered vulnerability -- nicknamed “Shellshock” -- in Bash versions 1.14 through 4.3 on September 24, 2014.

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Tuesday
Aug052014

FDIC: Banks can consult with FDIC staff instead of hiring consultants

The Summer 2014 edition of the FDICs Supervisory Insights Journal is now out. This edition includes two articles: (1) an article advising banks on how to meet regulatory expectations without outside consultants; and (2) an article summarizing common risks to banks as identified through FDIC examinations. The Journal concludes with a Regulatory and Supervisory Roundup listing recent Dodd-Frank rulemakings, FAQs, seminar listings, and operational guidance.

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Wednesday
May282014

FDIC Wants to Help Consumers "Save at the Bank," Avoid Fraud

The Spring 2014 issue of the FDIC Consumer Newsletter is now out.  This quarter, the focus is on helping consumers “Save at the Bank.”  The articles include tips for consumers to:

  • Lower their banking fees, including checking fees, lowering mortgage costs, and refinancing consumer loans;
  • Reduce the risk of fraud and theft, and
  • Tips on person-to-person (P2P) payments.

A full color copy of the newsletter is available here

The FDIC’s May 27, 2013 announcement can be found here.

Thursday
May152014

FDIC Releases Resource Guide to CDFIs 

On May 8th, 2014, the FDIC released a Resource Guide to help banks meet their community credit and development goals, as required under the Community Reinvestment Act.  The Resource Guide focuses on opportunities to work with community development financial institutions (CDFIs).

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Thursday
Apr032014

Bank Regulators Warn About Cyber-Attacks

On April 2, 2014, the FDIC issued a Financial Institution Letter notifying banks of recent “large dollar” ATM fraud and related cyber-attacks aimed at tapping into web-based control panels for ATMs. The FDIC highlighted a recent $40 million theft involving the use of 12 debit card accounts. The FIL included guidance for financial institutions related to reducing financial and other risks associated with cyber-attacks.

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