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Just as you have to complete due diligence before you buy a home, due diligence for banking vendors can make or break a partnership. Not completing enhanced due diligence (EDD) is like buying a house sight unseen and without doing an inspection! You never know what you might find. It only takes one cyberattack to […]
03
May
May
OVERLAND PARK, KS, March 30, 2023: FPS GOLD has announced the endorsement of RESULTS Technology to promote technology services specifically designed for banks. FPS GOLD offers core processing and eBanking software solutions designed for financial institutions across the United States and partners with vendors who support their mission to “help financial institutions compete, profit and […]
Banking, Security
Don’t Let Banking Fraud Stress You Out: Common Types of Banking Scams and How to Defend Against Them
01
May
May
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 […]
