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...
by Finosec | Nov 10, 2021 | Banking, Cybersecurity, User Access
User access reviews can be a complex, time consuming process. Coupled with the regulatory expectations regarding these reviews and their frequency, they prove to be an arduous task that is far too often hindered by reliance on legacy systems. We believe everyone...
by Finosec | Oct 26, 2021 | Cybersecurity Awareness Month, Banking, Cyber Attack, Cybersecurity, Toolkit
For the 18th year, October serves as Cybersecurity Awareness Month. With the evolving trends in cyber risk, the diversity of cyber attacks, and the breadth of exposure nearly everyone faces in regards to their digital footprint, it is more important than ever to be...
by Finosec | Sep 16, 2021 | Authentication, Banking, Cybersecurity
The FFIEC has released an update titled “Authentication and Access to Financial Institution Services and Systems.” It replaces two previously released FFIEC issued pieces: “Authentication in an Internet Banking Environment” released in 2005, and the...
by Finosec | Sep 8, 2021 | Cybersecurity, Banking, Cyber Attack
The FFIEC AIO (Architecture, Infrastructure, and Operations) is an update to the operations handbook that was released on June 30, 2021. It doubles the size of the existing operations booklet released in 2004, and provides some considerable changes in regulatory...
