Bankers should be aware of current and impending cybersecurity and privacy regulations.
Make cybersecurity training a part of the onboarding process and include an annual review of key policies.
Ms. Teri Petrzelka, VP ISO/Security Officer for the Central Bank of Houston, shares her thoughts on how they are helping their customers.
Can NATO invoke Article 5 if the battle ground is in cyber space?
The director of U.S. CISA, Jen Easterly, called the Log4j cyber attack, “the most serious vulnerability I have seen in my decades-long career.”
We’ll continue to see ransomware attacks in 2022. Why? Because they are still successful.
As I wrote in my column last year, third-party risks continue to be one of a bank’s greatest risks. Properly addressing these risks as a part of your overall business strategy is challenging.
On May 12, 2021, President Biden issued an Executive Order to implement new policies aimed at strengthening the nation’s cybersecurity.
Regulations are nothing new to financial organizations. In fact, the consensus is whether it’s a traditional bank or a modern fintech startup, they are among the most heavily regulated businesses already — and have been for some time.
The global insurance company, AXA, will no longer write policies in France that reimburse customers for extortion payments made to ransomware criminals. How much longer before the same applies in the U.S.?
Recently, the Board of Governors of the Federal Reserve System, CFPB, FDIC, NCUA and OCC released a request for information and comment on financial institutions’ use of artificial intelligence and machine learning.
I’m writing this column just days after the Microsoft Exchange vulnerability release, and I’m sure that by the time this is published, it will be much, much worse.
As cyber threats have increased, more organizations need access to the latest threat intelligence.
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.
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.
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.
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.
Bankers have to remember that an ATM is really an electronic box with cash inside; who wouldn’t want to steal it? What steps can you take to protect your bank from this growing crime?
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.
With a multilayered approach, no single layer’s failure results in a security breach. In a sense, each layer is designed to fail — or to allow for the inevitable — while still providing exceptional security.
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.”
Most organizations struggle with just being secure and functional, but the financial services industry has the bonus plan by including compliance.
What have we achieved with our investment, are we any more secure than we were, how much more are we going to spend?
When the mandate came down to get employees up and running first and foremost in order to service the customers, there wasn’t enough time to properly address each security risk.