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Security Officer Reports to the Board: Timing, Contents & Requirements

Dec 09 2:00 PM - Dec 09, 2021 3:30 PM
Dec 09, 2021 2:00 PM - 3:30 PM
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The security officer has a big job. One of the responsibilities is reporting to the board at least annually – if not more often. Learn what should be presented, how it should be communicated, and how to mitigate liability from security issues. This webinar will provide the tools, tips, and knowledge security officers need.

Learning Objectives

  • Report foreseeable events that could bring liability against the board
  • Identify information that should be reported to the board annually
  • Present major problems to the board with limited time
  • Explain why the security officer/risk management department should report to the board in person
  • Understand what is included in the security function
  • Keep records that will make board reporting easier

The security/risk management officer should report to the board at least annually. This fast-moving program will focus on the physical security issues that should be reported. Don’t let the industry standards stated in NCUA letter 02-CU-12 and 12 CFR Part 748 take you by surprise.

This webinar will review best practices relating to training, inspections, and foreseeable events that should be reported to the board. Learn how the annual written report should be prepared, presented, and reported. Security officers and board members will garner valuable resources that can provide statistics, facts, and information to reduce liability.

Many financial institutions are satisfied if regulators don’t take issue with the board report or the security program. However, don’t wait for a lawsuit against the security officer, management, and the board (both jointly and individually) to discover your report was missing key items. Information that could help during litigation is very different than what regulators examine for compliance. Be aware that the report is not just for the board – a much larger audience will review it if something goes wrong.   



Barry Thompson, CRCM, Thompson Consulting Group, LLC

Barry Thompson is an international speaker, trainer, consultant, and writer. He is a security and compliance “guru” for a leading national training organization and regularly presents security conferences for trade groups – he has trained over 51,000 financial professionals.

Barry is recognized worldwide, presenting in Brussels, Belgium to European bankers on internal fraud; at the United Nations on identity theft; and to Japanese bankers on bank security. Barry has worked in the financial services industry for over four decades, and has held the positions of security officer, compliance officer, treasurer, senior vice president, and executive vice president. He has handled over 900 security cases and has been involved with investigations and prosecutions at the federal, state, and local levels. Barry is the author of 101 Security Tips for the Beginning Security Officer and has been interviewed by Newsweek, Computer World, USA Today, and other national publications. 




Live and recorded webinar, handouts, quiz with answer key and training log are included.

Your registration includes unlimited locations (until further notice), making it easier to share and learn with remote staff during the coronavirus crisis. Training materials will be available to download the day of the event.

Additional Info

Event Type


Topics Covered

  • Executive Management
  • Board Governance
  • Live Webinars
  • Fraud, Security & Technology