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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 […]
Tag Archives: Banking
21
Oct
Oct
In an era where digital transformation is reshaping every industry, small community banks face unique challenges in staying competitive. One of the most critical aspects of this transformation is IT support, which plays a crucial role in ensuring seamless operations and customer satisfaction. Explore the importance of IT support in the banking industry, particularly for […]
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 […]
01
Oct
Oct
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 […]
24
Sep
Sep
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 […]
07
Aug
Aug
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 […]
07
Aug
Aug
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 […]
07
Aug
Aug
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 […]
11
Jul
Jul
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 […]
05
Jun
Jun
Banks and financial institutions rely heavily on third-party vendors for a myriad of services, from IT solutions to customer service platforms. However, the reliance on external vendors also introduces various risks that must be meticulously managed. This guide aims to provide an understanding of vendor management, focusing particularly on due diligence and what you must […]
