Like any corporation, credit unions rely on a number of other businesses for materials, support, maintenance and more. Outsourcing these other activities allows credit unions to keep their costs efficient and their resources focused on their core banking functions instead. Because more and more credit unions are out-sourcing activities, the National Credit Union Association (NCUA) has outlined requirements for managing third party relationships.
Risk is the one element that lurks in the background of all businesses, impacting them in some form or fashion. When defining objectives, it is always important for a business to calculate risk and determine the amount of risk they are willing to accept.
No joke, the headline for this article is factual, correct and happening right now. Experts in the malware field have identified a new hybrid malware [...]