What are the Regulators Saying About Artificial Intelligence (AI)?
Tandem shares practical cybersecurity and compliance tips for financial institutions. We also share some of the top articles, guidance, or industry headlines that are impacting the industry. If you find this newsletter valuable, please click 'Subscribe!'
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What are the Regulators Saying About Artificial Intelligence (AI)?
Federal banking agencies have emphasized that AI can be both beneficial and harmful, highlighting the need for careful use. Let’s look at some of the specific things that regulators have said about AI.
An Overview of the New Credit Union Succession Planning Rule
Learn about the NCUA's new final rule on the topic of Succession Planning. Get a quick overview on how to respond to this rule within your credit union.
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Texas Department of Banking Industry Notice
The Texas Department of Banking published new guidance on Cybersecurity Threats: Actions to Take Today. The notice dives into threats like ransomware and geopolitical threats, as well as cyber hygiene best practices and fundamental controls (e.g., patch management, multi-factor authentication, logging, end-of-life management, etc.).
Extended Security Updates Program for Windows 10
Speaking of end-of-life management, the Windows 10 end-of-support date is set for October 14, 2025. Microsoft recently announced an Extended Security Updates (ESU) program, allowing users to continue to obtain security updates for Windows 10. The ESU program can be purchased for $61 per device for the first year with the cost doubling each consecutive year for up to three years.
?? Tandem Webinar
An Overview of the NCUA's New Succession Planning Rule
Thursday, February 20, 2025, 2:00 PM - 3:00 PM CST?
On December 17, 2024, the NCUA Board approved a final rule on the topic of “Succession Planning.” This new rule requires credit unions to implement a formal succession planning process to support the long-term success of the credit union. While this has historically been considered a resilience function as part of the Business Continuity Process, this new rule positions succession planning as a topic of strategic importance for the credit union industry, as a whole.
Join us for this webinar on February 20, 2025 at 2:00 PM (CT) as we review the new rule and discuss how the requirements may affect your credit union’s succession planning processes.