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: cybersecurity
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 […]
Cybersecurity is no longer a concern just for IT departments. Small community banks, like yours, face unique challenges in maintaining the right security measures due to limited resources and specialized expertise. However, creating a security culture that permeates every level of your organization can make a significant difference. In this guide, we’ll explore how to […]
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 […]
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 […]
You probably thought you were done with the tests the minute you graduated college! But risk assessments, like a test for your bank’s security, will tell you something much more important than how well you know modern literature. Regular risk assessments are not just a regulatory requirement but also a critical component of a bank’s […]
In a world teeming with digital threats, the banking sector isn’t just a target; it’s the bullseye. Every advanced cyber maneuver calls for an equally precise and proactive defense. After all, the stakes are high—your customers’ financial security and trust are on the line. That’s why the Federal Financial Institutions Examination Council (FFIEC) developed its […]
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 […]
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. […]
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 […]