News & Resources

Quantum computing is rapidly advancing, and with it comes a new class of cybersecurity risks that threaten the cryptographic foundations of the financial sector.

The rapid shift to cloud computing has created a significant cloud security gap, exposing organizations to new regulatory, technical, and operational risks.

Ransomware attacks on financial institutions have evolved into highly sophisticated, multi-stage operations. Learn about the most active ransomware gangs in the financial sector.

An overview of Crypto-Asset Safekeeping regulatory landscape, risk management expectations, and practical considerations for cybersecurity and IT professionals at financial institutions.

Background and recent news on the CVE and NVD and how financial institutions can increase vulnerability management to protect against cybercrime.

While the GLBA fostered competition and innovation, it also introduced a robust framework for consumer privacy and data security. For compliance professionals, understanding GLBA’s structure, requirements, and enforcement mechanisms is essential to safeguarding both institutional integrity and consumer trust.

Since its enactment in 1968, TILA has evolved to address new risks, market practices, and regulatory priorities. Recent regulatory changes, especially those effective in 2024 and 2025, require compliance professionals to update their programs and stay vigilant for further developments.

This guide provides a detailed overview of the CRA, the 2023 proposed modernization and its subsequent rescission, and a thorough breakdown of examination procedures for large institutions, intermediate small banks, and small banks.

Prepare for and respond to ransomware attacks with guidance on audit considerations, incident response planning, regulatory notification requirements, cyber insurance pitfalls, and emerging threat trends facing financial institutions.

Recent cyber breaches at the OCC and U.S. Treasury have exposed gaps in federal data handling practices. This article from NETBankAudit explores the risks centralized supervisory data poses to financial institutions, highlights oversight inconsistencies, and outlines key audit actions to mitigate exposure.

Understand the OCC’s reaffirmation of federal preemption and its impact on the dual banking system, including legal context, industry response, and audit implications for financial institutions navigating federal and state oversight.

Explore key takeaways from the BSA Coalition’s AI and Fraud webinar, including deepfake risks, synthetic ID fraud, governance gaps, and practical strategies for financial institutions to stay secure and compliant.

NETBankAudit welcomes Elaine Rudolph-Carter as Regulatory Oversight and BSA Specialist. With decades of experience at the Federal Reserve and as a BSA Coalition co-founder, Elaine enhances our compliance and audit expertise.

Discover how financial institutions can protect against social engineering attacks through phishing, vishing, pretexting, and more. Learn the value of internal and third-party testing to strengthen employee awareness and regulatory compliance.

Understand lender obligations under the Flood Disaster Protection Act, including flood insurance purchase requirements, force placement, escrow management, and private policy acceptance. Essential guidance for financial institutions.

Explore key requirements of Regulation B and the Equal Credit Opportunity Act, including fair lending rules, prohibited practices, application standards, and recent enforcement actions. Essential for compliance professionals in financial services.

Learn how the Right to Financial Privacy Act (RFPA) protects customer financial records from unwarranted government access. This guide explains RFPA procedures, exceptions, enforcement actions, and how financial institutions can stay compliant.

Explore essential network testing protocols and best practices to ensure optimal performance, reliability, and compliance in modern IT infrastructures.

Learn how to evaluate IT department efficiency and staffing needs using key performance indicators and strategic assessment methodologies.

Understand the risks and benefits of AI in financial institutions, with actionable strategies to ensure ethical use, regulatory compliance, and resilience.

Stay ahead of U.S. regulatory changes impacting financial institutions, including CFPB restructuring, OCC priorities, and Basel III Endgame considerations.

Discover a compliance-first approach to vulnerability and patch management, minimizing security risks within financial organizations.

Gain insights into CIP mandates for financial institutions, ensuring compliance with KYC regulations and enhancing customer verification processes.

Analyze the diminishing influence of ransomware groups and understand the factors contributing to their reduced impact in the cybersecurity landscape.

Uncover potential risks of generative AI, including ethical, legal, and operational challenges, and learn strategies to mitigate them effectively.

Explore how Enhanced Due Diligence protects financial institutions from high-risk clients by meeting FATF, FinCEN, and FFIEC compliance expectations.

Learn how the CRI Cyber Profile helps financial institutions meet FFIEC standards through scalable risk assessments and enhanced regulatory alignment.

NETBankAudit offers specialized Elder Fraud Audit Services designed to help financial institutions detect, prevent, and respond effectively to EFE, ensuring compliance with regulatory standards and reinforcing trust with their customers.

View results of over 30 Bank Secrecy Act (BSA) Compliance Audits across community banks, credit unions, and other financial institutions in 2024.

Currency Transaction Reports (CTRs) serve as critical tools in the fight against money laundering, terrorist financing, and other financial crimes.

Learn about Transaction Monitoring and Suspicious Activity Reporting best practices for Financial Institutions.

Fortify your institution’s BSA AML risk assessment processes by weaving together best practices, real-world examples, and authoritative guidance from global regulatory entities.

Understand the impact of emerging technologies such as AI, Machine Learning, Crypto and more on BSA, AML and CFT compliance.

Updates on The New York Department of Financial Services (DFS) new requirements under its amended Cybersecurity Regulation (23 NYCRR Part 500).

With the Federal Financial Institutions Examination Council (FFIEC) announcing the sunset of the Cybersecurity Assessment Tool (CAT) by August 31, 2025, financial institutions must pivot to new resources to manage cybersecurity risks effectively.

The Farm Credit Administration (FCA) has issued a groundbreaking final rule on Cyber Risk Management, reshaping how institutions within the Farm Credit System (FCS) address cybersecurity.

Discover how the Farm Credit Administration's guidance helps financial institutions navigate AI integration and emerging cybersecurity risks. Learn key strategies for compliance and effective risk management.

A 2024 survey of examination and audit issues collected from over 250 audit engagements to assist our clients in identifying commonly reported examination and audit issues.

This guide delves into each stage of money laundering—Placement, Layering, and Integration— highlighting common methods, red flags, and the challenges inherent in detection.

This guide delves into the definitions, methods, legal implications, real-world examples, and best practices associated with structuring and smurfing, providing actionable insights to bolster compliance programs.

This guide delves into the methodologies of circular transactions and funnel accounts, highlights red flags for their identification, and provides actionable best practices for robust compliance.

This guide provides an overview of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) protocols, and Office of Foreign Assets Control (OFAC) regulations.

This article delves into the scope, trends, and impacts of elder fraud, highlighting red flags and strategies to protect one of society’s most vulnerable groups.

Learn about gift card scams including essential regulations, common risks, and actionable tips to ensure you can use gift cards wisely and securely.

Understand the FFIEC's Development, Acquisition, and Maintenance (DA&M) Booklet including key updates and their implications on financial entities.

Phishing Attacks on financial institutions are increasing in frequency and complexity. We explain the tactics, regulations and strategies to protect your institution from cyber threats.

Learn the process, methodologies, tools, and best practices for conducting effective penetration tests in financial institutions.

Explore how financial institutions can implement effective IT governance frameworks to align their technology initiatives with business objectives, manage risks, and ensure regulatory compliance.

Understand common cybersecurity attacks and penetration testing solutions to mitigate risk in an increasingly sophisticated environment.

Analysis of bank-fintech partnerships, risks, and regulatory programs with a focus on the Federal Reserve Board's 2024 guidance.

Learn key AI cybersecurity risks and controls from the October 2024 letter from New York Department of Financial Services

This article explores key IT risk management solutions for the financial sector, offering practical insights to help institutions protect their digital assets and maintain regulatory compliance.

This article explores the essential components of IT business continuity planning, emphasizing the unique needs of financial institutions drawing from FFIEC guidance.

This guide covers IT change management for financial services, providing insights, best practices, and strategies for successfully navigating the complexities of managing IT changes.

This guide delves into the critical aspects of data assurance in financial services, offering insights, best practices, and forward-looking perspectives to help you navigate this complex field.

This guide explores the critical aspects of IT crisis management in financial services, offering insights and strategies to help financial institutions navigate through disasters.

Read NETBankAudit's insights from the 2023 audit season, based on over 250 audit and over 750 technical testing engagements with financial institutions.

Learn best practices for of Customer Due Diligence (CDD) for financial institutions, designed to prevent money laundering, terrorist financing, and other financial crimes.

Get an in-depth look at ransomware assessment facilitation, focusing on the tools and strategies available to financial institutions to protect themselves against this pervasive threat.

Learn about the the Uniform Rating System for Information Technology (URSIT) and the importance for financial services risk management.

Learn about the Current Expected Credit Loss (CECL) model, introduced by the Financial Accounting Standards Board (FASB) with best practices for model validation.

Explore the key components of IT network security management, best practices for implementation, and emerging trends that are shaping the future of cybersecurity.

Explore the critical aspects of IT security incident reporting, tailored specifically for smaller financial institutions.

A guide to cybersecurity assessments for financial institutions including guidance for the discontinuation of the CAT in 2025 and the shift to NIST 2.0 and CISA CPGs.