Stopping PPP Fraud

The first rounds of PPP helped more than five million small businesses in the United States in the amount of $525 billion in funding, but not without a dark side to the program.

Cybersecurity for the Board of Directors

Cyber threats are daunting. Not only are they complex and constantly evolving, but they also have the potential to impart significant financial and reputational damage to our financial institutions.

Year in review and what to expect in 2021

Changes in technology have been revolutionizing business for a long time but recently this trend has been expedited due to the rapid increase in work-from-home as well as the adoption of technologies such as the cloud.

How can something so good be so bad?

Social media has changed the ways we live our lives — from the way we get our news to the way we interact with our family, friends and peers. It’s everywhere, it’s unavoidable, it’s powerful and it’s here to stay.

Cybersecurity and politics

Here we are almost to 2021. Do you feel any more cybersecure? Just this year, we’ve seen a 20% increase in cyber fraud and abuse and a startling 200% increase in business email compromises.

Information sharing and collaboration

For the 17th year in a row, the National Cyber Security Alliance and CISA have announced October as Cybersecurity Awareness Month. This year’s theme is “Do Your Part. #BeCyberSmart.”

Red Alert

During the COVID-19 pandemic, it is critical that you and your institution’s employees exercise caution and remain nimble in your cyber defenses to prevent falling victim to one of the many attacks and scams.

Business email compromise is a growing trend

Business email compromise is a sophisticated scam that targets both businesses and individuals that transact legitimate transfer of funds requests.

Incident response is continuous

As companies get better at detecting cyber events and data breaches, most continue to struggle with the proper handling of these incidents.

‘The main thing is to keep the main thing the main thing’

“The main thing is to keep the main thing the main thing,” written by famous business author, Stephen Covey, should especially ring true as we’ve entered into a new decade.

Strong cyber banks, stronger cyber communities

A survey conducted by The Harris Poll found that an overwhelming majority of consumers (92%) have concerns about the security of their personal, confidential online data.

Third-party risk — Where do we start?

Vendor risk management has become a crucial area of cybersecurity as banks move operations to the cloud and asset managers hire third parties to manage their technology.

ATM theft — Why steal the cookie when you can steal the cookie jar?

The theft of ATMs is yet another crime that continues to plague our industry. This includes the rise of cyber threats to ATMs, such as skimming, shimming, cash-out and jackpotting, as well as the age-old technique of crash and grab the whole ATM.

The battle against cybercrime

Steps to improve cyber resiliency. Financial institutions with successful cyber risk management programs take a holistic approach to the policies, processes and people required.

Byting Back

TBA challenges bank cyber risk with new programs, offerings and educational initiatives.

Federal laws are needed for privacy and cybersecurity

Despite the negligence of a few financial services providers, the banking industry is the gold standard when it comes to customer privacy and data protection.

Q&A with Ernesto Ballesteros

Ernesto Ballesteros is tasked with overseeing cybersecurity matters for Texas. In this Q&A, he provides a glimpse of goals, initiatives and priorities.

Ike and cybersecurity leadership

When most people think about cybersecurity, they think about technology. But the human element remains the most significant challenge we face when it comes to cyber vulnerabilities.

The importance of cybersecurity awareness

According to the NCSA, ???The line between our online and offline lives is indistinguishable. In these tech-fueled times, our homes, societal well-being, economic prosperity and nation???s security are impacted by the internet.???

From the regulators

Texas Banking contacted representatives of the Texas Department of Banking, Texas Department of Savings & Mortgage Lending, FDIC, OCC and Federal Reserve Bank of Dallas in an effort to address their top cyber concerns.

Another one bites the dust

Like the thousands of data breaches before, security leaders will be answering the same question from their executive teams, ???Can this happen to us???? And I???m sure most of the responses will be, ???It???s not a matter of if, but when we get hack

Some things never change

The phone call has mostly been replaced with the targeted email since that is how we mainly communicate, but I???ve certainly seen an uptick in the SMS/text messaging attacks.

Helping our members with cyber threats

Over the years, I???ve watched the sophistication, impact and scale of cyber-attacks grow exponentially, from the nuisance attacks with computer worms and viruses in the early 90s to the large-scale data breaches that we almost daily.