§ 155.210 - Requirements for using electronic means and facilities.

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To use electronic means and facilities under this subpart, a Federal savings association's management must:

Identify, assess, and mitigate potential risks and establish prudent internal controls; and

Implement security measures designed to ensure secure operations. Such measures must be adequate to:

Prevent unauthorized access to the savings association's records and its customers' records;

Prevent financial fraud through the use of electronic means or facilities; and

Comply with applicable security devices requirements of part 168 of this chapter.