Community Bankers of Iowa Monthly Banker Update May 2014 | Seite 8

Recap: 2014 Spring Community Bank Summits Bankers Educated on the Ag Industry in Iowa Community bankers from across Iowa gathered in Waterloo and Riverside April 22nd & 23rd for networking and education at the 4th Annual Spring Community Bank Summits. Over 70 members joined to hear presentations on security breaches and the Ag economy in Iowa. Linda Echard, President & CEO of ICBA Bancard, discussed the procedure behind the Target breach among other incidents. “The worst breach to date was the Heartland Payment Systems breach in 2009, compromising approximately 130 million cards.” Echard continued, “It is important to note however, that Heartland is the largest noted processor breach, while Target is the largest retailer to experience a compromise.” Echard also discussed best practices on how banks can avoid future incidents. A good way to be proactive would be to monitor as they are seeing an increase in customers calling on transactions they don’t recognize, and looking for any increase in fraud losses. Banks could also watch for any indications that show fraud occurring in one place or in similar locations, such as stores. Reporting fraudulent transactions to the partnering associations and also monitoring the news for any information related to compromises is also helpful. The meeting continued with presentations from three experts in the ag economy. The presentations revolved around Iowa’s new water initiative, researching point sources and nonpoint sources of pollution and teaming up with industrial partners as well as ag partners to reduce the runoff into rivers and streams. Also, a new technology with drones is entering the Ag economy and will be available at retail fertilizer and chemical businesses. They currently focus on plot mapping and crop scouting to help producers determine what to apply in certain areas in the field. This will help to ensure appropriate use of fertilizer, chemicals and seed that should be applied. Other discussion revolved around land values, averaging $8,000 per acre across the state, and Iowa’s ranking in the top five for hogs, corn, soybeans and egg production. Fall Community Bank Summits will take place October 21st in West Des Moines, October 22nd in Carroll, and October 23rd in Algona. Mark your calendars and save the dates today. Registration fees are only $35 per person! Registration for the Fall Summits will eventually be available on the CBI website. If you have any questions, please call the CBI office at 515.453.1495 or email Jackie Haley at [email protected]. Thank You to the Following CBI Spring Summit Sponsors: Speaker Sponsor Trusted. Responsive. Friendly. Local. Platinum Sponsors Looks like we have a few things in common. Count on EMC ® and your independent insurance agent to provide quality products and services to fit the unique needs of your community bank. Gold Sponsors Home Office: Des Moines, IA www.emcins.com CBSI is a subsidiary of Community Bankers of Iowa © Copyright Employers Mutual Casualty Company 2014. All rights reserved. 8 CBI BANKER UPDATE | MAY 2014 Silver Sponsor - Waterloo