§155.210. Requirements for using electronic means and facilities.

12 C.F.R. § 155.210

To use electronic means and facilities under this subpart, a Federal savings association's 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 the savings association's records and its customers' records;

(2)

Prevent financial fraud through the use of electronic means or facilities; and

(3)

Comply with applicable security devices requirements of part 168 of this chapter.

Notes, amendments, and revision history

Authority: 12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).

Source: 82 FR 8110, Jan. 23, 2017, unless otherwise noted.