§ 155.210. Requirements for using electronic means and facilities.
82 words·~1 min read·
/us/cfr/t12/s§ 155.210·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.