Tag Archives: security

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 […]

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 the recent RockYou2024 attack, which has exposed 10 billion passwords, every business is at risk. To counteract this recent security disaster, banks must institute robust measures—and at the top of the list is Multi-Factor Authentication (MFA). You’ve Heard […]

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 […]

Microsoft 365 Security for Banks: What You Need to Know to Stay Protected

bank employee using m365 services

Thinking about using Microsoft 365 to keep your data locked away from cybercriminals? With over one million Office 365 users in the US alone, it seems like a great option for any organization looking to secure their data. However, for banks and financial institutions in particular, there are some important considerations to keep in mind […]

A Closer Look at the Interagency Third Party Risk Management Guidance

bank owner performing bank risk management

How many third-party vendors have you used since starting work today? Since the rise of technology, third-party vendors have become an integral part of every bank. They provide various services such as IT solutions, payroll processing, and more. However, with their increasing use comes a greater risk for organizations—your organization. A collection of bank risk […]

Now is The Time to Implement Multi-Factor Authentication

Cyber attacks are not slowing down. And with more and more people accessing company networks remotely, the problem is only getting worse. All it takes is one compromised credential or legacy application to cause a data breach. Now is the time to step up your security. Multi-Factor Authentication (MFA) is a security system that verifies […]

The Human Firewall

Lock sitting on a laptop

A recent study by a Security Awareness Training platform showed that the average rate at which employees of small banks clicked on phishing emails was 25% (the rate for bigger banks is even worse!).  Ransomware (malware that encrypts your data and only provides a decryption key if you pay a ransom) continues to be a […]

5 Ways Your Community Bank Can Be Threat Ready

A small lock sits in front of a credit card

What does it mean to be “threat ready” in an industry as sensitive as banking? The term is tossed around a lot. But what does that look like for your institution? In simple terms, being threat ready means having the right technology, trained staff, and proactive strategies in place to protect your bank’s assets from […]

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 […]