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On June 10, 2021, the Virginia Association of Community Banks (VACB) and Elliott Davis partnered to present a summer Risk Management seminar. Updates from the Federal Reserve Bank of Richmond, the LIBOR Transition from Williams Mullen and Atlantic Union Bank were given, along with presentations on Cannabis/Hemp banking risk management and Bank Secrecy Act Reform from Elliott Davis. There was also a panel discussion with Elliott Davis advisors from Cybersecurity, Credit/Risk, Compliance, and Audit reflecting on Risk Management in a post-COVID World.
The webinar replay is available here:
For more information, contact us with any questions about these topics.
CPE credit is not available for watching the replay.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
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The SEC’s new cybersecurity disclosure rules now require public companies to report material cybersecurity incidents within four business days and provide detailed risk management disclosures in annual reports. Organizations must assess the materiality of cyber threats, outline board oversight, and describe management’s role in mitigating risks to ensure transparency for investors.
Cyber threats are constantly evolving, and one often-overlooked vulnerability is clear text password storage. This article explores the risks of storing passwords in plain text, how attackers exploit this weakness, and practical solutions—including password managers, user awareness, and professional cybersecurity assistance—to strengthen your security posture.
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