The banking industry is being told to embrace “digital transformation.” The idea it represents — the ability to adapt to current needs and norms — has always been with us. History is fraught with examples of this, some of which may prove instructive.
As cyber threats have increased, more organizations need access to the latest threat intelligence.
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.
With the promise that the pandemic will eventually be behind us, everyone is trying to predict the “next normal” and imagine if they have what it will take to succeed — or even survive — in a post-pandemic economy.
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.
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.
The task at hand is to help TBA community bank members get ahead of change, to provide resources and tools to effectively adapt and to enhance the ability of our community banks to compete.
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.
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.
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 financial institutions understand the power of digital. The more pressing question, though, is how an organization brings all the components together to turn digital transformation into reality.
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?
TBA, like our banks, was affected by the pandemic. TBA staff have worked from home since mid-March, and TBA leadership has been forced to adapt to restrictions brought about by the quarantine.
How banks can bring the human touch to digital banking.
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.
With limited resources and technology, community banks must leverage automation to help them create efﬁciencies around fraud and risk management so they can better serve corporate clients.
Artificial intelligence (AI) is often used as a way to describe computer systems that can learn and perform tasks that previously required human intelligence.
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.
With fewer bank customers than ever before visiting physical branches, retail banks have become increasingly adept at connecting with their customers by offering financial advice digitally.