by Finosec | Mar 11, 2022 | Banking, Community Banking, Cybersecurity, Fintech, Press Release, User Access
The practice of user access reporting within financial institutions has historically been an arduous process that relies on archaic technology and is both time and labor intensive. While generating multiple user access reports per year would be ideal, many financial...
by Finosec | Mar 10, 2022 | Banking, Cybersecurity, Fintech
The landscape of cyber risk, and the equal and opposite best practices, is an ever evolving, ever growing, moving target. Staying abreast of the latest recommendations and regulatory expectations can be a daunting task, but it isn’t one that has to be faced alone....
by Finosec | Feb 10, 2022 | Banking, Checklist, Community Banking, Cybersecurity, Fintech
Contracts are typically dense, highly detailed documents that can be hard to navigate. After wading through strikingly specific legal verbiage, it can be difficult to ascertain whether or not the contracts are accomplishing everything they claim to be. As a result,...
by Finosec | Jan 20, 2022 | Banking, Cybersecurity, User Access
Threats to your cybersecurity and information security programs are not just external. In fact, 60% of security breaches are internal threats. The weakest component in your cybersecurity posture will always inherently be the human link. Breaches are not primarily...
by Finosec | Jan 13, 2022 | Banking, Cyber Attack, Cybersecurity, Insurance, User Access
In the ever evolving landscape of cyber risk, cyber insurance is more important than ever. This is a policy that is specifically tailored to the cybersecurity and information security needs of your institution, potentially covering incidents such as ransomware, cyber...
by Finosec | Dec 14, 2021 | Banking, Budgeting, Cybersecurity
The FDIC requires that within a financial institution’s budget there must be a specific allocation for cybersecurity elements. That is, that there is money going toward services, programs, and coverage related to this item. More than just a requirement, though, it is...
