Safe Systems, a national provider of fully-compliant IT, compliance and security services for community banks and credit unions, has issued a new white paper: “Navigating the Coronavirus Pandemic: Best Practices for Pandemic Planning and Key Lessons Learned,” now available for download on its website.
Safe Systems Issues New White Paper: “Navigating the Coronavirus Pandemic: Best Practices for Pandemic Planning and Key Lessons Learned”
Banks and credit unions are having to make a variety of difficult decisions and modifications to cope with the impact of COVID-19. Financial institutions must consider higher risk profiles to accommodate more remote workers and customer-facing services and put new processes in place to keep their employees, customers and members safe. Safe Systems’ latest white paper provides key best practices and resources to help financial institutions minimize disruptions to operate safely and efficiently, as well as help the institution maintain the trust and confidence of its customers –- and the general public.
Key points include:
- Pandemic planning;
- Pandemic response and testing;
- Security for remote or mobile employees and customers;
- Business continuity management (BCM) and succession planning; and
- Preparing documentation for auditors and examiners.
“The coronavirus pandemic is having a significant impact on banks and credit unions, and these institutions are grappling with how to address the present situation and successfully plan for an uncertain future,” said Darren Bridges, president of Safe Systems. “In this paper, we provide financial institutions with key best practices for pandemic planning and ensure they have the proper tools to respond, keep customers and employees safe and provide the right documentation to examiners and key stakeholders.”