Photo: U.S Bank’s Charles Banks with Madylnn Isbell (FIN), Abby Larson (MAcc), and Dustin Fox (ACC)
On Friday, February 17, accountancy senior Duncan Fox and MAcc student Abby Larson joined EY Professor Brian Ballou and Deloitte Professor Dan Heitger on a field trip to U.S. Bank’s Downtown Cincinnati Cybersecurity Fusion Center and Cash Vault. The trip was scheduled in conjunction with U.S. Bank’s five-year sponsorship of the Isaac & Oxley CBL’s Interdisciplinary Case Program. During the field trip, Duncan and Abby joined 11 other students from other majors.
The group learned about U.S. Bank’s world-class cybersecurity risk management and response process, focusing both on its technological prevention and solution controls and also on educating employees, customers, suppliers, regulators, and community stakeholders on their crucial role in cybersecurity risk management. Charles Banks of U.S. Bank’s Information Security Services unit led a tour that spanned how U.S. Bank evolved its cybersecurity processes and educated the group on ways to be alert for cybersecurity risks.
The group also got a rare opportunity to tour U.S. Bank’s Cincinnati cash vault and learned that cash security and management continue to be a critical part of risk management for the banking industry. Brenda Dixon and Tim Ernst from Operations Services led an engaging tour of the vault and explained how corporate customers order, receive, and deliver cash to the vault via armored vehicles. Further, they showed how individuals in the vaults securely receive and fulfill orders and cash from corporate customers, as well as how U.S. Bank manages other valuable documents and records in the vault, including how the shift to a more paperless environment has affected the vault.
Photo: Students Aisha Naik (MKT), Abby Larson (MAcc), and Duncan Fox (ACC)