Electronic Banking: Industry Developments, Risks and OCC Regulatory Activities Prepared for ABA USBanking 2002 by the Bank Technology Division of the Office of the Comptroller of the Currency January 2002
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Electronic Banking: Industry Developments, Risks and OCC Regulatory Activities
Prepared for ABA USBanking 2002 by the Bank Technology Division of the Office of the Comptroller of the Currency
The OCC is an independent bureau of the Department of Treasury and is the federal regulator of approximately 2,200 national banks.
Technology Developments Regulatory Activities
Source: Office of the Comptroller of the Currency. “Transactional web sites” are defined as bank web sites that allow customers to transact business. This may include accessing accounts, transferring funds, applying for a loan, establishing an account, or performing more advanced activities.
Balance inquiry Websites
Automated clearinghouse (ACH) transactions
Data StorageTechnology-based BankingProducts & Services
Key Technology Risks Websites
Regardless of the decision to outsource, the bank remains ultimately responsible.
Source: CERT/CC -- statistics are not limited to the banking industry and include all reported incidents