Webinars

NY Cyber Reg. - How to Beat the Clock and Achieve Compliance

This timely webinar will focus on some of the nation's most stringent cybersecurity standards being instituted for financial services companies, including insurance companies and banks. In this free webinar, we will discuss regulations and standards set by the New York Department of Financial Services, and how your organization can achieve compliance before it's too late.

To gain more background on cybersecurity and regulatory compliance, read recent white papers authored by webinar presenters Michael Barrack, Managing Director of Risk Director & Cybersecurity Services and K.D. Mehra, Managing Director of NY Banking & Financial Services.

Both can be found here

If you have any questions, please reach out to Accume Partners at 888.696.1515 or information@accumepartners.com

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AML System and OFAC Filter Model Validation Webinar

In this webinar, we'll discuss and evaluate the benefits of model validations or the need for these projects as part of the risk management process at financial institutions. While model validation has received increased attention from the Financial Institutions' Regulators in recent years and may appear to be the driving force behind some projects undertaken by banks and other institutions in recent years, conducting post-implementation reviews at the end of a project to validate appropriate implementation, data integrity, MIS accuracy, and achievement of project objectives, etc. has been the regulatory requirement and industry practice for decades regarding any system implementation. Considering that these requirements have been in place since the time technology was not as pervasive as it is today, it is not only a regulatory expectation but a prudent risk management practice to have various audits and reviews in the matter, e.g. pre-implementation, post-implementation, periodic data integrity testing and model validation, etc. as these assure the effectiveness of the design and performance of the model and related processes.

U.S. Regulatory guidelines as well as Examination Procedures are clear on the expectations of managing AML risks, including those related to the AML risk management models. While various regulatory guidelines have dealt with model risk management and regulatory agencies have been asking for results of independent AML/OFAC pre and post-implementation audits and model validation reports, New York State Regulator for banking and insurance has issued a regulation that makes these activities mandatory as part of Transaction Monitoring and Filtering Program risk management processes at covered entities.

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For more information, please email information@accumepartners.com


Cybersecurity and Lessons Learned from Security Incidents

Accume Partners presented a webinar on May 31 in which we shared some of key insights our firm and our clients have gained in responding to actual security incidents.  Best practices were also shared during the session.

View the recording

To gain more background on cybersecurity and one of the key risks hiding in organizations, please read "It Could Never Happen to Us...", an article written by Michael Barrack.

The article can be found here

Following the recent "WannaCry" Malware attack, it's incredibly important for companies of all sizes to stay vigilant and review all security measures. These global attacks reflect an increased capability on the part of Internet bad actors, and could happen at any time. We are providing detailed guidance on preventive action for our vulnerability management clients in response to this threat. We are also offering this information to all Accume clients upon request. If you are interested in getting these details, please contact information@accumepartners.com.

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