Lending, investing and online access to funds and information—nearly everything a credit union does today involves risk. Managing today’s risks requires a balance between business goals and creditworthiness, data integrity and compliance costs.
COCC’s Sentry Risk Management Services help credit unions find the balance.
With strategic views of a credit union’s risk opportunities plus tools to minimize exposure and avoid financial losses, COCC helps financial credit unions:
COCC’s next generation Anti-Money Laundering and Fraud suite provides comprehensive BSA/AML compliance, FACTA Red Flags, real time fraud detection and centralized case management.
Learn more by contacting the Strategic Product Group at StrategicProducts@cocc.com or by calling 877-678-0444 x248.
A company’s security policy dictates they way they conduct network security at every level. This includes consistent, automatic auditing against internal, industry, and regulatory rules and standards. With network and information security specialists on staff, COCC is well equipped to deliver data security solutions to fortify existing security policies or implement a new one.
COCC monitors all network circuits 24 hours a day and addresses performance line degradation prior to incidents. This process enables COCC to take preventative measures for true backbone support. COCC’s monitoring system automatically alerts our technical support staff whenever circuit trouble is detected. Escalations follow business rules.
The Internet has become critical to everyday operations, but it opens as many risks as opportunities. COCC’s managed Internet security services are an integral part of our strategic approach to protecting the right assets from the right threats. The service offers high speed Internet access with many security features and secure email solutions.
Email security concerns have become a primary focus of regulatory agencies, particularly as spam and viruses have attacked an increasing number of home and business computers. Regulations such as the Gramm-Leach-Bliley Act are pressing financial institutions to protect the confidentiality of customer information, secure infrastructure elements and support Homeland Security initiatives.
The COCC solution encrypts email messages so that only the intended recipients can read them. No additional software is required for either the sender or the receiver. The solution also compares the content of all outbound emails with the financial institution’s rules to ensure that client information is always encrypted. COCC’s custom reporting package will identify which emails were encrypted, quarantined or blocked. This will assist financial institutions during their regulatory examinations.
The increased convenience of today’s global economy presents a burden as well—to ensure the legitimacy of people transacting business at any time. In that effort, the Department of Treasury’s Office of Foreign Assets Control (OFAC) routinely provides lists of “specifically designated nationals” (SDN) to scan against a financial institution’s customer list.
COCC automates this overwhelming task with a next generation scanning service built to comb through your member database and produce a suspicious persons list for further scrutiny.
Because COCC’s OFAC/FinCEN solution is integrated into our core processing system, the efficiencies are multiplied, providing the maximum automation through a single solution for all OFAC compliance, including IAT processing.
Automated software patching is one of the most effective tactics in the war against computer viruses and other cyber crime. COCC has offered this ‘PatchPlus’ service since 2003. When the FDIC and NCUA recommended that credit unions monitor, test and document the installation of commercial software patches.
With credit unions depending on commercial software to support their businesses, software patching is now a critical function. Discover why COCC provides software patches to more than 4,000 PCs on a regular basis.