Pub. 9 2014-2015 Issue 2

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 16 26 JULY/AUGUST 2014 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to themagazine, which began bi-monthly publication inMay 2006, is included in membership fees to the Nebraska Bankers Association. 8 7 President’s Message – 2014: A Year of Transition Although no major transition and restructuring comes without challenges, we have a plan that will allow the NBA to continue providing extraordinary service to you, our extraordinary members. By Richard Baier, Successor President & CEO, Nebraska Bankers Association 8 Washington Update – A Rifle-Shot Approach to Reg Relief The solution to excessive regulatory burden on the banking industry lies inwhat ABA calls “tailored regulation.” Find out what the association is doing to ensure that government policies recognize the diversity of the industry and the communities you serve. By Frank Keating, President & CEO, American Bankers Association 10 NBA Education Calendar 12 Counselor’s Corner – RDC: Potential New Liability for Customer Double-Dipping Determine how your financial institution can mitigate the potential risks associated with Remote Deposit Capture. By Alison Gutierrez, Kutak Rock LLP 14 Security Officer’s By-Word – Deposited Checks Don’t Get Caught Not Looking! A bank’s largest losses are often the result of exceptions made for several years for a known customer. Discover how you can prevent your bank from falling victim. By Charles M. Towle, President, Kansas Bankers Surety Co. 16 Tech Talk – A Renewed Focus on Cybersecurity Is your bank fully prepared to address a cybersecurity incident? Learn how your institution can develop a culture of corporate awareness to ward off the increasing number and sophistication of cybersecurity threats. By Leticia Saiid, Security+, CoNetrix 18 Bert Ely’s Farm Credit Watch – CoBank Finances Another Mega Communications Deal Why hasn’t the Farm Credit Administration objected to the recent CoBank loans to Frontier or Verizon? Neither company is your average farmer, rancher, or utility cooperative of which CoBank is authorized to lend. By Bert Ely, Alexandria, Va. 24 The Role of Digital Forensics in Community Banking Due to the recent rise in national and international cyber attacks that are impacting banks of all sizes, it’s important for your institution to have a digital forensics plan. Read about several specific incidents and learn what you can do to prepare. By Nick Podhradsky, Vice President of Sales, Secure Banking Solutions 26 Auditing Versus Monitoring Develop a good understanding of the differences between monitoring and auditing so you can feel confident about the program implemented in your bank next time the regulators come calling. By Darlia Fogarty, Director of Compliance, Compliance Alliance