Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter V - Office of Thrift Supervision, Department of the Treasury |
Part 555 - Electronic Operations |
Subpart A - Authority of Federal Savings Associations To Conduct Electronic Operations |
§ 555.210 - What precautions must I take?
Latest version.
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§ 555.210 What precautions must I take?
If you use electronic means and facilities under this subpart, your management must:
(a) Identify, assess, and mitigate potential risks and establish prudent internal controls; and
(b) Implement security measures designed to ensure secure operations. Such measures must be adequate to:
(1) Prevent unauthorized access to your records and your customers' records;
(2) Prevent financial fraud through the use of electronic means or facilities; and
(3) Comply with applicable security devices requirements of part 568 of this chapter.