What Kind of IT Audits Does Your Bank Need? |
Do you ever wonder what your bank should be doing as far as IT audits go? Are you getting feedback on this very topic from your auditors, regulators, or board members? The good news, MIB Banc Services, LLC is here to help your bank with IT audits. We offer a variety of IT audits from which your management team may choose, based on your bank’s risk appetite. Our current IT product offerings include:
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Internal Vulnerability Scan – A process of identifying, quantifying, and prioritizing vulnerabilities on the bank’s network.
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External Vulnerability Scan – A process of identifying, quantifying, and prioritizing vulnerabilities on the bank’s public IP addresses.
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Internal Penetration Test – An internal vulnerability scan, plus attempts to exploit vulnerabilities found in the scan that could be targeted by unauthorized personnel.
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External Penetration Test - An external vulnerability scan, plus attempts to exploit vulnerabilities found in the scan that could be targeted by unauthorized personnel.
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Information Technology (IT) Security Audit - A review conducted of your IT program using compliance regulations and best practices. The audit will focus on management oversight, policies and procedures, staff training, information security, and risk management.
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Social Engineering Assessment - A review conducted of your employees’ responses in an attempt to manipulate staff into divulging confidential/and or personal information that can be used fraudulently.
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Business Continuity Management Audit - A review conducted of your business continuity management program including best practices and simulated tabletop exercises. The audit will focus on management oversight, policies and procedures, staff training, and simulated tabletop exercises covering selected business interruptions.
For questions regarding IT audits, please call Luke Goldman with MIB Banc Services, LLC at 888-818-7206.
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MIB Community Banking Conferences:
August 24-26 - Ameristar Casino Hotel, St. Charles, MO and October 18-19 - Embassy Suites Downtown, Omaha, NE
Details coming soon! Contact Donna Harden with any questions.
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Welcome to the MIB Family:
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Jake Wolfe, AVP/Loan Review Officer, MIB Banc Services, LLC.
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Crosby Taylor, Managing Director, First Bankers' Banc Securities, Inc.
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Taleta Henlon, Treasury Services Specialist I, Midwest Independent BankersBank.
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Josh Bartee, President/CEO of Enterprise Bank, Omaha for joining the Nebraska Advisory Board.
Congratulations to:
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The 3rd Quarter Employee of the Quarter winners: Jana Amsbaugh, VP/Controller - Midwest Independent Bancshares, Inc., Jason Henderson, VP/Operations Officer - Midwest Independent BankersBank, and the whole MIB Banc Services, LLC Team (Linda Fick, Administrative Assistant, Luke Goldman, AVP/IT Auditor, John Hay, VP/Loan Review Officer, Mike Noblett, AVP/Audit Specialist, Nathan Patterson, AVP/Financial Auditor and Tori Schnieders, AVP/Compliance Auditor.
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Jon Booth was recently promoted to AVP/Information Security Officer - Midwest Independent BankersBank.
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MIB and FBBS gave back to several great charities during December:
Backstoppers
Best Friends Animal Society
Central Illinois Foodbank
Feeding Missouri
Food Bank for the Heartland
Food Bank of Iowa - Des Moines
Food Bank of Lincoln
Food Bank of the Rockies
Harvesters Community Food Network
Kansas Food Bank
Regional Food Bank of Oklahoma
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MIB celebrated the holiday season with some festive activities with our team:
Holiday attire winners: 1st place - Ellen Stegeman (l), 2nd place - Shari White (r)
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Nutcracker decorating contest: 1st place - Sheila Noll (l), 2nd place - Suzan Witt (r)
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Q: What can we do if a necessary application requires Internet Explorer after the IE11 retirement date of June 15, 2022?
A: Microsoft's new Chromium-based browser, Edge, comes packaged with an "IE Mode" that runs the MSHTML engine and will allow sites to run that require IE. For more information, please see this informational document from Microsoft: https://docs.microsoft.com/en-us/deployedge/edge-ie-mode
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Q: How should a bank record an investment in life insurance on the balance sheet?
A: According to FASB Technical Bulletin No. 85-4 Accounting for Purchases of Life Insurance, the amount that could be realized under the insurance contract (Cash Surrender Value) as of the date of the balance sheet should be reported as an asset.
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