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12 C.F.R. § 555.210   What precautions must I take?

Title 12 - Banks and Banking

Title 12: Banks and Banking
PART 555—ELECTRONIC OPERATIONS
Subpart A—Authority of Federal Savings Associations To Conduct Electronic Operations

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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.

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