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December 11, 2003

Wireless Networks in US Banks

The Office of the Comptroller of the Currency has posted an advisory letter to banks regarding Risk Management of Wireless Networks (Microsoft Word version).
Wireless network solutions provide national banks with an alternative for systems development that requires effective board and management oversight. Effective wireless network management includes maintaining adequate security, ensuring appropriate project management, and achieving performance goals. The OCC requires the board and management to update the bank's security program before implementing wireless networks and monitor the security program to ensure that effective risk management practices are in place.
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