Pub. 9 2014-2015 Issue 4

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 12 20 NOVEMBER/DECEMBER 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 – Recruiting Next Generation Talent Learn what the NBA is doing to help grow the pool of available, skilled talent for your financial institutions. By Richard Baier, Successor President & CEO, Nebraska Bankers Association 8 Washington Update – .bank, ABA & You Thanks to a multi-year effort by the ABA and other banking organizations, the .bank domain will be operated by the banking industry. Is your financial institution ready for the .bank rollout in June 2015? By Frank Keating, President & CEO, American Bankers Association 10 NBA Education Calendar 12 Counselor’s Corner – Effective Use of ESOPs for Banks Learn the fundamental advantages of an ESOP in a banking environment. By John Schembari, Kutak Rock LLP 14 Security Officer’s By-Word – New Scam Exploits IRA Withdrawals If your bank doesn’t already verify that funds being withdrawn from an IRA account are collected funds, now is the time to implement such a process in your IRA withdrawal procedures. By Charles M. Towle, President, Kansas Bankers Surety Co. 16 Tech Talk – Happy Hacker-days! Find out what your financial institution can do to help ensure the online safety of your coworkers, employees, and customers this holiday season. By Alyssa Middleton, CoNetrix 18 NBA Legislative Outlook – The Elections Are Over With 17 new state senators, we need to make certain that the collective voice of bankers is heard in the Nebraska Legislature. By Bob Hallstrom, General Counsel, Nebraska Bankers Association 20 Bert Ely’s Farm Credit Watch – FCSA Evades FCA Approval to Gain Control of Frontier FC Bert Ely talks about the unique “strategic alliance” between Farm Credit Services of America and Frontier Farm Credit—an alliance that does not require formal approval by the Farm Credit Administration and FCSA’s first organizational change in decades. By Bert Ely, Alexandria, Va. 23 Common Sources of Data Loss: Are You Prepared? Learn what actions you can take now to reduce your exposure to today’s information security risks. By Rick Jeffries, Cline Williams Wright Johnson & Oldfather LLP 25 Real & Present Danger: Shellshock and Lessons Learned From Heartbleed Just because you’ve outsourced the management of critical systems that store, process, and transact your customers’ data does not mean you outsourced the responsibility to protect it. Discover what steps you can take to keep your bank safe. By Cody Delzer, CISA, Senior Information Security Consultant, Secure Banking Solutions 28 The Tech-Savvy Board: Helping Directors Understand Technology Director responsibility for IT risk and strategy has become more consequential as customers migrate to electronic delivery channels. Here’s some advice on improving the technical competency of your board. By Jack Vonder Heide, CEO, Technology Briefing Centers Inc.