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Cyberattacks continue to escalate, and 2024 saw some disruptive breaches. Financial institutions faced increasing risks as threat actors targeted sensitive data and systems. For example, LoanDepot suffered a ransomware attack that halted mortgage payments and cost them nearly $27 million in recovery expenses. Similarly, Dell’s breach potentially exposed the data of 49 million customers. These […]
Category Archives: Cybersecurity
Banking, Cybersecurity
Celebrating Data Privacy Week: How Community Banks Can Build Trust Through Transparent Data Practices
27
Dec
Dec
Community banks hold a special place in the financial ecosystem. Their local focus and personalized service create close relationships with customers, but this also comes with unique challenges when managing sensitive information. While a community bank will have the service of a local business, it also has the budget of one. Cybercriminals know this and […]
22
Oct
Oct
The continued use of Windows 7 for ATMs has sparked significant debate—should you replace your outdated operating system or stick with Windows 7 Embedded? While there are valid risks associated with using an unsupported operating system, there are also reasons why it may not be as risky as you think. Let’s talk about how the […]
21
Oct
Oct
Did you know that 73% of global banking executives believe that cybersecurity risks are the most significant threat to their digital infrastructure in the upcoming year? As cyber threats continue to evolve at an alarming rate, identifying weak spots in your bank’s cybersecurity posture is not just crucial—it’s imperative. With cybercriminals becoming more sophisticated by […]
Banking, Cybersecurity
C-Suite to Entry-Level: How to Create a Cybersecurity Culture Everyone Buys Into
21
Oct
Oct
Cybersecurity is no longer a concern just for IT departments. Small community banks, like yours, face unique challenges in maintaining the right security measures due to limited resources and specialized expertise. However, creating a security culture that permeates every level of your organization can make a significant difference. In this guide, we’ll explore how to […]
17
Sep
Sep
With almost 67% of breaches starting with someone clicking on a link, it’s an important topic for all businesses. But for banks, the risks are even higher. The International Monetary Fund is warning financial institutions to invest in training and technology to prevent multi-million dollar payouts (or billion dollars, like in the Equifax breach of […]
27
Jun
Jun
Banks have become major targets for cyberattacks: financial firms account for 20% of losses caused by cybercrime. This trend has been escalating, as the financial sector is one of the most lucrative targets for hackers due to the valuable data and funds they possess. In response to this growing threat, many banks want to improve […]
05
Jun
Jun
You probably thought you were done with the tests the minute you graduated college! But risk assessments, like a test for your bank’s security, will tell you something much more important than how well you know modern literature. Regular risk assessments are not just a regulatory requirement but also a critical component of a bank’s […]
03
Jan
Jan
Do you know how many of your employees would report it if they accidentally clicked a phishing link? Studies have found that 43% of employees don’t report incidents because they’re scared of the consequences, 36% assumed they didn’t need to report, and 32% of respondents simply forgot. How confident are you that your bank’s employees […]
29
Dec
Dec
The banking industry, revered for safeguarding critical financial data, has faced a barrage of cyber threats recently. These incidents, while alarming, help decision-makers like you identify emerging threats and stop them in their tracks. Let’s delve into the key takeaways from these events and explore actionable insights that banks can adopt to bolster their defenses. […]
