Category Archives: Banking

How to Implement Multi-Factor Authentication in Your Bank

bank employee using phone for mfa to enhance banking cybersecurity

Banking cybersecurity has metamorphosed from a buzzword into an urgent, non-negotiable aspect of the finance sector. With digital crime evolving at an alarming rate, the financial domain becomes a priority target due to the nature of the information and assets it guards. To counteract this, banks must institute robust measures—and at the top of the […]

How to Use the FFIEC Cybersecurity Assessment Tool to Fortify Your Bank

banker using cybersecurity assessment tool

In a world teeming with digital threats, the banking sector isn’t just a target; it’s the bullseye. Every advanced cyber maneuver calls for an equally precise and proactive defense. After all, the stakes are high—your customers’ financial security and trust are on the line. That’s why the Federal Financial Institutions Examination Council (FFIEC) developed its […]

When Is the Right Time to Replace Your Bank’s Aging Computers?

bank employee on aging computer

It’s a busy Monday morning at your bank. Customers are lining up, transactions are coming in, and suddenly, the computer system crashes. The culprit? Outdated technology that could no longer handle the demands of modern banking operations. Technology is evolving at a breakneck speed. As banking professionals, we’ve all felt the powerful tidal wave of […]

5 Reasons Why Your IT Provider Needs to Specialize in Banks

community bank giving customer money

Services always come down to this fundamental question: generalist or specialist? Could you get the IT help that you need for your bank with any provider out there? A bank is a highly regulated and complex organization, with unique legal, financial, and customer demands. Its IT systems are no exception. In fact, bank IT systems […]

How to Build a Strong Cybersecurity Culture in Your Bank

employee doing cybersecurity training to create a security culture

Do you know how many of your employees would report it if they accidentally clicked a phishing link? Studies have found that 43% of employees don’t report incidents because they’re scared of the consequences, 36% assumed they didn’t need to report, and 32% of respondents simply forgot. How confident are you that your bank’s employees […]

How to Protect Your Bank: Key Takeaways from 2023 Cybersecurity Incidents

meeting to train bank employees about cybersecurity risks

The banking industry, revered for safeguarding critical financial data, has faced a barrage of cyber threats recently. These incidents, while alarming, help decision-makers like you identify emerging threats and stop them in their tracks. Let’s delve into the key takeaways from these events and explore actionable insights that banks can adopt to bolster their defenses. […]

Business Email Compromise Solutions: How to Safeguard Your Workforce

bank employee protecting against business email compromise

Tens of billions of emails are sent every single day. Not all of them have that document you’ve been waiting weeks to receive. In fact, an estimated 3.4 billion emails are sent by cybercriminals every day. But how often are they being opened? Phishing attacks have an open rate between 17% and 53%, depending on […]

2024 IT Budgeting Guide: Where to Allocate Your Bank’s Resources

bank employees discussing IT budgeting for the new year

Technology changes so quickly—what will be worth investing in just a year from now? Rather than trying to predict the future, we’ll focus on what’s relevant and important today. By allocating your bank’s resources efficiently, you can better protect against cyber threats and ensure your operations run smoothly. In this guide, our banking security experts […]

How to Transform Your Bank’s IT Planning with the Help of a Strategic Advisor

banking team working with a strategic advisor

When you think of a strategic advisor, do you automatically think about a third-party consultant who knows nothing about your business and just wants to sell you some expensive hardware? There are “consultants” like that out there—people who just want to make major sales for their company and leave you worse off than you were […]

How to Successfully Migrate to the Cloud: Migration Strategies for Your Bank

bank employee implementing cloud migration

Does cloud migration feel like a passing fad to you? Or is it here to stay? The numbers don’t lie—per the American Bankers Association, 90% of banks keep at least some data, applications, or operations in the cloud. So, is it time for your bank to make the move too? Here’s what you need to […]