The Risks and Rewards of Biometric Data
While biometric data can reduce the risk of fraud, credit unions and other financial institutions need to take steps to reduce risk and ensure the protection of said data, says Patrick Sickels.
Unlocking the Power of Financial Ratios Part Two
Continuing their series on financial ratios, Bob Frizzle, Patrick Sickels, and Christen Lipschutz share a few additional ratio tools to utilize looking to determine a CUSO’s financial stability.
Unlocking the Power of Financial Ratios Part One
Bob Frizzle, Patrick Sickels, and Christen Lipschutz explain some helpful ratios to use when looking to determine a CUSO’s financial stability.
Overdraft Class Actions: What Credit Unions Need to Know in 2022
With class-action overdraft lawsuits on the rise, Patrick Sickels explains how credit unions can get into trouble with fees and ambiguous phrasing and what steps you can take to protect your credit union.
Tips for Managing Your Next CUSO Examination
CUSO examinations, while less frequent than credit union examinations, are no less stressful or thorough. Patrick Sickels advises on how best to prepare yourself and your staff ahead of time for an audit to make sure you pass with flying colors.
Understanding Contract Terms and Risk Assessments
Patrick Sickels provides a look into contract terms that credit unions should watch out for and understand before signing on the dotted line.
Is Data Privacy Legislation Coming to Your State?
The privacy of data is becoming increasingly important by the day, and credit unions could find themselves paying a pretty penny for failing to meet regulations. Patrick Sickels reviews data privacy legislation currently on the table and discusses the potential for more.
Five Legal Trends To Be Aware Of
Internal Auditor Patrick Sickels details a few recent trends in litigation that credit unions should be on the lookout for, and how they can ensure they won’t be targeted.
Managing Cybersecurity Incidents
In the case of a data or security breach, there are numerous things to consider before and after. What precautions do you have set up? Do you have a response system in place in the event of a breach? Patrick Sickels highlights specific case studies and what mistakes you should avoid.
The Delicate Balancing Act of Business Innovation and Cybersecurity Risk
In an increasingly interconnected industry, with new APIs opening the doors for greater integration of more platforms, risk lurks right around the corner. Patrick Sickels discusses the inherent risk of APIs, but why it’s an acceptable cost for business innovation.