Washington, D.C. – State financial regulators, joined by the Bankers Electronic Crimes Task Force and the U.S. Secret Service, today issued a self-assessment tool to banks they supervise in an effort to help mitigate ransomware attacks. “Ransomware is a major threat to the financial services industry,” said Texas Banking Commissioner Charles G. Cooper, who leads the Bankers’ Electronic Crimes Task
SES is an examination system built by state regulators for state regulators and the companies they supervise. The system connects agencies and companies in the examination process.
The latest CBSI shows that even as bankers expect business conditions to improve, rising profitability is not inevitable, and they are concerned about a weightier regulatory burden.
This report and its recommendations fail to recognize the critical role that state regulators play in protecting consumers and facilitating the safe innovation that consumers have come to expect in financial services.
Hello, I would like to start by thanking all of you for attending the first virtual NMLS conference. As Albert Forkner just noted, this year marks the largest attendance for this event and shows the power of technology to connect us. I want you to consider this as I speak: Just 10 years ago, bringing 1,000 people together for a
Did you know that state regulators protect consumers in the financial marketplace? Today, millions of Americans use safe and innovative financial products provided banks and nonbanks supervised by states. We all know that banks provide financial deposits and take deposits. But what is a Nonbank?
The Baseline Nonbank Cybersecurity Exam Program and the Enhanced Nonbank Cybersecurity Exam Program are tools used by state examiners nationwide to assess the cyber preparedness of nonbank entities. These tools also provide institutions the ability to improve their cybersecurity posture and better prepare for cybersecurity exams conducted by state examiners. The latest versions of the Baseline Nonbank Cybersecurity Exam Program