Tag Archives: Banking

How to Build a Strong Cybersecurity Culture in Your Bank

employee doing cybersecurity training to create a security culture

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 […]

How to Protect Your Bank: Key Takeaways from 2023 Cybersecurity Incidents

meeting to train bank employees about cybersecurity risks

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. […]

Business Email Compromise Solutions: How to Safeguard Your Workforce

bank employee protecting against business email compromise

Tens of billions of emails are sent every single day. Not all of them have that document you’ve been waiting weeks to receive. In fact, an estimated 3.4 billion emails are sent by cybercriminals every day. But how often are they being opened? Phishing attacks have an open rate between 17% and 53%, depending on […]

2024 IT Budgeting Guide: Where to Allocate Your Bank’s Resources

bank employees discussing IT budgeting for the new year

Technology changes so quickly—what will be worth investing in just a year from now? Rather than trying to predict the future, we’ll focus on what’s relevant and important today. By allocating your bank’s resources efficiently, you can better protect against cyber threats and ensure your operations run smoothly. In this guide, our banking security experts […]

How to Transform Your Bank’s IT Planning with the Help of a Strategic Advisor

banking team working with a strategic advisor

When you think of a strategic advisor, do you automatically think about a third-party consultant who knows nothing about your business and just wants to sell you some expensive hardware? There are “consultants” like that out there—people who just want to make major sales for their company and leave you worse off than you were […]

How to Successfully Migrate to the Cloud: Migration Strategies for Your Bank

bank employee implementing cloud migration

Does cloud migration feel like a passing fad to you? Or is it here to stay? The numbers don’t lie—per the American Bankers Association, 90% of banks keep at least some data, applications, or operations in the cloud. So, is it time for your bank to make the move too? Here’s what you need to […]

IT Infrastructure Upgrades That Can Enhance Your Bank’s Efficiency

bank executives in a meeting discussing banking IT upgrades

Are you in the thick of your 2024 budgeting yet? Although it’s often seen as a necessary evil—and you’d rather be making your holiday travel plans—a bank’s budget is an essential part of the success and growth of your institution. As you allocate resources and plan for the year ahead, consider the importance of your […]

A Closer Look at the Interagency Third Party Risk Management Guidance

bank owner performing bank risk management

How many third-party vendors have you used since starting work today? Since the rise of technology, third-party vendors have become an integral part of every bank. They provide various services such as IT solutions, payroll processing, and more. However, with their increasing use comes a greater risk for organizations—your organization. A collection of bank risk […]

Air-Gapped Backups: How They Can Help Secure Your Bank

bank employee getting data from air gapped backups

In the world of banking, data security is non-negotiable. The protection of sensitive customer information and financial data is not only an ethical obligation but also a legal requirement. And as cybercriminals get more advanced, we have to find new ways to keep our data secure. Could air-gapped backups be a hard-hitter in your security […]

Outsourcing IT vs In-House IT: Which is the Best Option for Your Bank

Businessman discussing finance over desk

During a time when the security of your customers’ data can be the difference between trust and disaster, one question looms large for bank presidents and executives: How can we ensure that our bank’s technological backbone is secure, effective, and competitive? One decision that can make all the difference is whether to outsource IT or […]