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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 […]
Tag Archives: Banking
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 […]
02
Dec
Dec
With 2025 fast approaching, bank executives and IT managers face the crucial task of deciding where to allocate their funds. The IT budgeting choices made today will shape the competitive landscape of tomorrow. But where should the money go? And how can banks ensure they’re getting the most bang for their buck? This guide will […]
25
Nov
Nov
The clock is ticking for Windows 10. With Microsoft’s announcement of Windows 10’s end-of-life (EOL) in October 2025, banks and financial institutions have been given a clear deadline to prepare for significant changes. But what does this mean for your bank, and how should you be preparing to ensure a smooth transition? What Does EOL […]
21
Nov
Nov
Banks process millions of transactions daily, manage vast amounts of data, and provide services around the clock. In an environment where every second counts, IT systems must be reliable and secure. This immense responsibility falls on the shoulders of the IT department. However, when the IT responsibility is concentrated in the hands of a single […]
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
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 […]
