January 2016

Taking an Electronic Bite out of TRID Compliance Costs

2016-11-01T11:29:47+00:00January 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/68679.html

We’re lucky today. There are so many ways that technology takes the hassle out of daily life. With a few finger taps, we can buy airline tickets, check the weather, settle a bet, pay bills, and control lights and thermostats from anywhere. So, why do we still perform antiquated bank processes that cost everyone time and money? More to the point, how long will our customers put up with it?

Pushing paper costs time and money

Take mortgage lending, for example. For consumers, buying a home is one of the most paper-intensive processes they face. We know […]

To Your Battle Stations: Protect Member Data

2016-11-01T11:29:47+00:00January 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
http://www.cutoday.info/THE-tude/To-Your-Battle-Stations-Protect-Member-Data

In military circles, they talk a lot about being “combat-ready” – words we don’t usually associate with our industry. But it’s time to take this term to heart, equipping our credit unions and training our members to defeat online thieves.

Just this year we’ve seen a billion-dollar, multi-bank cyberheist, three health insurance breaches, major hacks into military and government, and the list goes on. How did they get away with it? Improperly handled data transfer to a non-accredited data center, unencrypted health care data and employees duped into phishing schemes, to name a few. In every […]