According to ATM Marketplace, Banks reported that there were more than $1 billion in ransomware payments in 2021, more than double from 2020 and the largest amount ever reported in a year. The Treasury Department collected data that showed the majority of the funds came from attacks connected to Russian hackers. The Treasury said the...Read More
In case you missed it, the FFIEC has updated the October 2018 Cybersecurity Resource Guide for Financial Institutions. Lots of great links and resources contained here, with inclusions to address the growing threat of ransomware. Contact us today about your Information Security and Cybersecurity Assessment needs. View the FFIEC Announcement Download the October 2018 Cybersecurity...Read More
Digital banking is on the rise, just like all other aspects of society. As more customers take their banking online it offers convenience, but also cybersecurity concerns. Cyber criminals are increasingly targeting small banks and credit unions. Customers are far less likely to trust institutions whose services and products are frequent targets for attacks. Luckily...Read More
The probability is high that a bank customer will at some point experience a cybersecurity incident. Above and beyond the financial and operational risk, cybercrime comes with substantial reputational risk for banks, as customers are far less likely to trust institutions whose products and services are frequent targets for breaches or hacks. While banks are...Read More
Secure is relative. Different businesses have different obligations and levels of sophistication in their security programs based on several factors. Industry, size, the type of data housed, and more all determine how a business treats its information security program. But the goal is often the same: avoid as many security incidents as possible, protecting...Read More