Small banks are always walking the tightrope between implementing effective cybersecurity strategies and staying within budget. You want to offer your clients the best protection possible, but you also need to consider the costs associated with implementing and maintaining these strategies. Fortunately, there are several cost-effective cybersecurity solutions for financial institutions that will protect your […]
Is your bank truly prepared for unexpected incidents? In today’s fast-paced financial world, the stakes are higher than ever. With cyber threats lurking around every corner and the constant demand for seamless operations, banks must be vigilant. How confident are you in your bank’s incident response readiness? Let’s face it—unexpected challenges can arise at any […]
Open banking might feel like a major threat or shift in the banking industry, but it also presents many opportunities for banks to improve their services and attract new customers. Here is what you need to know to safely navigate data sharing. What Is Open Banking? Open banking is a financial services term that refers […]
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 […]
IT committee meetings play a vital role in the overall governance of a bank’s IT infrastructure. They provide a platform for discussing strategic IT initiatives, addressing security concerns, and ensuring compliance with regulations. Without effective meetings, a bank’s IT infrastructure may suffer from poor decision-making, lack of accountability, and failure to keep up with rapidly […]
With new threats come new policies, and a network policy is becoming increasingly important as cyber incidents continue to rise. However, simply having a policy is not enough—it must also meet the standards set by examiners. Examiners are responsible for ensuring that banks comply with regulations and maintain safe and sound practices. They conduct regular […]
Testing your bank’s disaster recovery plan is not a one-time task but an ongoing process that ensures your institution is prepared for any eventuality. Here is what you need to know about effectively evaluating and enhancing your disaster recovery solutions, ensuring that your bank can withstand and quickly recover from disruptions. The Vital Importance of […]
Banking cybersecurity has metamorphosed from a buzzword into an urgent, non-negotiable aspect of the finance sector. With the recent RockYou2024 attack, which has exposed 10 billion passwords, every business is at risk. To counteract this recent security disaster, banks must institute robust measures—and at the top of the list is Multi-Factor Authentication (MFA). You’ve Heard […]
Annual Channel Futures MSP 501 Identifies Best of the Best in the Managed Services Industry JULY 05, 2024: RESULTS Technology has been named as one of the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. The Channel Futures MSP 501 list, a technology industry benchmark, ranks companies based on […]
Does it feel like your bank’s technology is working for you or against you? Even in our digitized world, banking IT often gets pushed to the bottom of the list when it comes to budget and resources. But it could just be the thing standing between you and offering the level of service your customers […]