Tag Archives: security

How to Measure and Prioritize IT Security Risks in Financial Institutions

bank employee looking at computer for cybersecurity risk management

Cyber threats facing financial institutions have never been more dynamic—or more dangerous. Community banks, in particular, must balance growing digital operations with increasingly sophisticated threat actors. Managing that risk starts with understanding it. Cybersecurity risk management is not just about reacting to attacks. It’s about identifying the most likely and impactful threats before they materialize, […]

What Is ATM Jackpotting, and Could It Happen to Your Bank?

person inserting card into atm

Criminals aren’t just after customer data anymore. Increasingly, they’re back to targeting the machines themselves. ATM jackpotting—a cyber-physical attack that forces an ATM to dispense all its cash—is on the rise, and community banks are squarely in the crosshairs. While many banks are familiar with digital fraud or card skimming, jackpotting represents a more sophisticated […]

Important Cybersecurity Guidance for U.S. Organizations

Cybersecurity lock

In light of recent global events, the DHS has issued official guidance regarding potential cyber threats.

The Hidden Risks of Using End of Life Systems

Old, end of life computers, printers, typewriters, and keyboards on table and floor

Technology has a natural life cycle. What once was “the new and improved” eventually becomes obsolete. But here’s the problem: many businesses continue to rely on end of life systems without realizing the enormous risks they bring to day-to-day operations. While using older systems may seem cost-effective on the surface, the hidden dangers can cost […]

Case Study: Empowering the Territorial Bank of American Samoa with Strategic Financial IT Solutions

employees discussing financial it solutions

Client: Territorial Bank of American Samoa (TBAS)Industry: Public BankingLocation: Pago Pago, American Samoa The Story: Building a Bank from the Ground Up In 2016, the Territorial Bank of American Samoa (TBAS) was established to fill a critical void in the territory’s financial infrastructure. Following the departure of major banking institutions, American Samoa faced a significant […]

What Can Small Businesses in St. Louis Do to Protect Against Cyberattacks?

cybersecurity for small businesses

Did you know that 43% of cyberattacks target small businesses, yet only 14% are adequately prepared to defend themselves? For small business owners in St. Louis, juggling tight budgets, limited resources, and daily responsibilities is already challenging enough. Add cybercriminals into the mix, and the stakes of cybersecurity for small businesses get even higher.  From […]

10 Hidden Costs of Relying on Just One IT Person for Your Bank

Two IT specialists sitting at computers

Banks process millions of transactions daily, manage vast amounts of data, and provide services around the clock. In an environment where every second counts, IT systems must be reliable and secure. This immense responsibility falls on the shoulders of the IT department. However, when the IT responsibility is concentrated in the hands of a single […]

What Examiners Are Looking for in Your Bank Network Policy

examiner reviewing network policy

With new threats come new policies, and a network policy is becoming increasingly important as cyber incidents continue to rise. However, simply having a policy is not enough—it must also meet the standards set by examiners. Examiners are responsible for ensuring that banks comply with regulations and maintain safe and sound practices. They conduct regular […]

Why Banks Must Implement Multi-Factor Authentication (MFA) After RockYou2024

bank employee using phone for mfa to enhance banking cybersecurity

Imagine logging into your bank account one morning—only to find it wiped out. A weak password made it happen. Banking cybersecurity has metamorphosed from a buzzword into an urgent, non-negotiable aspect of the finance sector. With the recent RockYou2024 attack, which has exposed 10 billion passwords, every business is at risk. To counteract this recent […]

How to Navigate Vendor Management: A Banker’s Guide to Due Diligence

banker working on vendor management by meeting new vendor

Banks and financial institutions rely heavily on third-party vendors for a myriad of services, from IT solutions to customer service platforms. However, the reliance on external vendors also introduces various risks that must be meticulously managed. This guide aims to provide an understanding of vendor management, focusing particularly on due diligence and what you must […]