Best Practices from the Task Force
The Texas Bankers Electronic Crimes Task Force (Task Force) developed a list of recommended processes and controls to assist banks in reducing the risks of Corporate Account Takeovers. The recommended processes and controls are structured under the Protect, Detect, and Respond framework developed by the United States Secret Service, the FBI, the Internet Crime Complaint Center (IC3), and the Financial Services Information Sharing and Analysis Center (FS-ISAC). The Task Force expanded upon these processes and controls using in part, the collective contributions from the following IT Security and Audit firms: Aporia Solutions; Compass Group Consultants, LP; CoNetrix; Ernst & Young, LLP; Experis Finance (formerly known as Jefferson Wells); Grant Thornton; Solis Security; Solutionary, Inc.; The Garland Group; and Virtuosi Group. Subsequently, a set of Best Practices has been compiled for each of the recommended processes and controls. These Best Practices are not an all-inclusive list and are provided as guidance to assist in implementing the recommended processes and controls to reduce the risk of Corporate Account Takeover theft.