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 […]
Business is all about improving output while keeping expenses low, and banks are no exception. You have clients to manage, employees to pay and a plethora of other expenses to take care of. And with the ever-growing list of cyber threats, it’s becoming more important than ever to invest in reliable IT solutions to protect […]
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 […]
Introduction: Turning Stress into Success As a bank in today’s market, few decisions carry as much weight as a full core conversion. It’s a process that can feel both pivotal and daunting, knowing this transition will shape the trajectory of your institution’s future success. But amidst the inevitable stress and uncertainty of a core conversion, […]