Tag Archives: Banking

Can Enhanced Due Diligence Help Your Bank Avoid Cybersecurity Risks?

two employees discussing cybersecurity for community banks

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 […]

Don’t Let Banking Fraud Stress You Out: Common Types of Banking Scams and How to Defend Against Them

woman looking at bank card and laptop after experiencing bank fraud

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 Storage and Backup Security: What Helps Keep Banks Safe in the Cloud

employees discussing cloud usage on laptop

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 […]

Data Incident Response Guide: What to Do if Your Financial Institution Experiences a Data Incident

Business man working on laptop

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 […]

The Year in Review – Cybersecurity in the Year of the Pandemic

2020 was a year like no other in recent memory. For years, regulators have required that annual Risk Assessments include rating the risk of pandemics… now we know why. Banks, like all businesses were largely caught by surprise with minimal plans in place when the shutdown happened. Because banks are required to provide essential services […]

Social Distancing for Your Network

For years, examiners have pressed banks to incorporate pandemics in their GLBA risk assessment and provide appropriate planning to address a possible pandemic. Until this year, that risk seemed remote. It was difficult to imagine just how strongly a pandemic could affect not only the bank, but the entire community, region, nation, and world. Community […]

RESULTS Technology receives top ranking for its I.T. Support to Community Banks

RESULTS has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list for 2020. The annual list identifies and honors the top 100 computer support companies in healthcare, legal, government, financial services, manufacturing and additional vertical markets. RESULTS was ranked in the top 100 internationally for its IT support to the banking […]

Does your bank have a Remote Work Plan?

All banks are required to assess the risk of a pandemic to their business and have a plan to address providing continued service during such an event.  Does your plan include a contingency to allow some employees to work from home? Remote working is becoming easier than ever and is a smart way to prevent […]

Understanding IT Governance

  By Mike Gilmore, RESULTS Chief Compliance Officer   Community Banks carry an on-going burden of compliance for information technology (IT). Examiners expect the bank to undergo annual IT audits, penetration tests, policy reviews, and complete comprehensive technology plans, risk assessments and cybersecurity self-assessments all while trying to do the real work of banking in […]