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.
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.
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?
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.”
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.
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.
I think we’ve learned that we can secure our remote workforces and, at the same time, they can continue to be productive. As for myself, I now have a much clearer picture of where my organization’s cyber weaknesses are.
Business email compromise is a sophisticated scam that targets both businesses and individuals that transact legitimate transfer of funds requests.
History is full of tech that ebbed and flowed until the right formula was found. Design and workflow are questions one should ask before launching any new tech.
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,” written by famous business author, Stephen Covey, should especially ring true as we’ve entered into a new decade.
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.
In a state with an estimated population of more than 28 million, it’s amazing what the Texas Legislature accomplishes in 140 days every other year.
Banks and other financial institutions are faced with the critical challenge of ensuring the protection of their people, assets and information. Security officers should utilize an ongoing assessment program to monitor and respond to changing risks.
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.
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.
Criminals will continue to attack until bankers become proactive and monitor events in Europe.
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.
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.???
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
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.
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.