Hackers hack. It’s what they do. To some of them it is just a game. They want to see much they can get away with, without getting caught. Hackers, or cybercriminals, use a variety of methods. They are creative. They are relentless. They keep trying until something works. Unfortunately for community banks, the game simply...
The FFIEC Management Handbook and best practices note that Information Security Management is critical to the overall success of the financial institution.  The ‘M’ (Management) function of the CAMELS rating system continues to expand into information security and cybersecurity.  The Management Handbook highlights the need for a Chief Information Security Officer (CISO), or for smaller institutions an information security officer.  “To ensure...
How to respond to a vulnerability and potential access of customer information at your bank. Last summer, we received the news from Krebs on Security about a vulnerability, that has since been fixed and patched. This article positions that a vulnerability potentially allowed for unauthorized access to accounts that were leveraging notifications electronically.  It is important...