Tag Archives: security

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 […]

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

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 […]

Common Online Banking Scams and How to Keep Your Account Safe From Them

banking scams targeting out of office emails

In today’s digital age and especially coming into the holiday season, it is more important than ever to be aware of the different types of online scams that are out there. Unfortunately, scammers are getting smarter and more sophisticated every day, so it’s important to be vigilant in order to protect yourself and your finances […]

Data Privacy and the Future of Business: How Businesses Can Put Privacy First

Data Engineer

With the global big data market set to be worth nearly $235 billion by 2026, to say that data is now core to business success today would be a massive understatement. From tweaking shipping strategies to delivering more relevant advertising campaigns to customers, businesses are constantly looking for ways to make more data-driven decisions. But […]

How to Take Back Control of Your Data This Data Privacy Week

personal data

From social media to online shopping, our lives and the digital world become more and more intertwined everyday. And while the digital world has afforded us a whole new level of convenience and access to information, it is imperative that consumers remember the best practices for protecting their personal data and ensuring it is being […]