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.
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.”
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.
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.
When ATMs emerged in the 1960s and '70s, some futurists saw it as the beginning of the end of community banking. It clearly wasn't. Today, we see many actors challenging community banks using technology.
With banks bracing themselves for a potential economic slowdown, commercial lending remains the backbone of banking.
“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.
The fintech core startups that are attempting to disrupt the market are not to a point where it is a safe decision for community banks to climb aboard, and the grass is not always greener on the other side of a conversion.
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.???
Cyber security and reputation protection are among today???s significant, emerging risks, thus creating exposures for banks of all sizes.
To stay competitive, bankers need to be more aware of trends and the evolution of technology, convenience and consumer needs. How we shop and pay for things is changing in the mobile world.