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It feels like we live in a world of constant digital threats—one day you’ll read about a multi-million dollar loss from a global bank and hear the next about the billions of personal records that were leaked. As an employee or decision-maker at a bank, you may feel overwhelmed by the trust your customers have […]
Cloud Computing, Security
Cloud Storage and Backup Security: What Helps Keep Banks Safe in the Cloud
24
Apr
Apr
Customers trust banks with everything a hacker needs to steal an identity: birthdates, Social Security numbers, account numbers, and more. It’s no wonder then that banks must provide advanced security to protect this data. This includes cloud storage security and backup systems. In 2023 alone, the cost of cybercrime will reach $8 trillion. Since banks […]
Banking, Business Continuity
Data Incident Response Guide: What to Do if Your Financial Institution Experiences a Data Incident
19
Apr
Apr
Your cybersecurity nightmare has happened and your data is in the hands of criminals. Now what? You want to fix the problem as soon as you can, avoid expensive downtime, and protect your customers’ private data. How you respond to a data incident is critical. Your response time, communication practices, and remediation strategy will have […]
20
Mar
Mar
Silicon Valley Bank appears to have failed for a simple reason – mismatching of maturities of assets and liabilities . . . a basic bank management principle. Deposits were short-term and invested assets were long-term. When depositors wanted to withdraw their cash, the bank was faced with liquidating long-term investments (e.g., bonds, which were trading […]
Banking, Cybersecurity
Top Cybersecurity Threats That Your Bank Faces in 2023 and How to Protect Against Them
19
Jan
Jan
As a bank or financial institution, you hold the key to the most private information of your trusting clients and customers. That’s a tall order! They all hope that your digital security is at Fort Knox level, but we both know that having good cybersecurity is easier said than done. On March 17th, 2022, the […]
03
Jan
Jan
Windows 11 is here and while it may seem like an enticing upgrade, it is important to consider whether or not your business should make the switch. The new Windows operating system has many similarities to Windows 10 but there have also been some significant changes with this release that could impact your workflow. Here […]
29
Dec
Dec
As a business owner, you know that keeping your data and systems safe is critical. You may also know that it can be difficult to do so on your own, especially if you don’t have dedicated security staff or expertise in-house. That’s where Managed IT Services can help. Managed Service Providers (MSPs) offer a range […]
27
Dec
Dec
Cyber attacks are on the rise, and no industry is safe. However—some industries are more vulnerable to attack than others. If you are in one of the following five industries, it is important to take steps to protect yourself from these threats and ask yourself if there is a likelihood of a cyber attack on […]
02
Dec
Dec
It is important for community banks to always be looking for ways to improve their services and remain competitive in the industry. One way that many community banks are doing this is by turning to managed IT service providers. But are managed IT services a good fit for your bank? Here, we will take a […]
Cybersecurity, Email Security, Security
Common Online Banking Scams and How to Keep Your Account Safe From Them
29
Nov
Nov
In today’s digital age and especially coming into the holiday season, it is more important than ever to be aware of the different types of online scams that are out there. Unfortunately, scammers are getting smarter and more sophisticated every day, so it’s important to be vigilant in order to protect yourself and your finances […]
