by Finosec | Aug 19, 2021 | Cyber Attack, Banking, Cybersecurity
The sophistication of cyber attacks continues to grow. According to the Accenture Cost of Cybercrime Study, the average cost of a breach in financial services is $13 Million. As a financial institution, we have to be right 100% of the time while Cyber Criminals only...
by Finosec | Aug 5, 2021 | System Map, Banking, Cybersecurity
One of the most important tools you will need in cybersecurity governance is what we like to call the System Map. A System Map is exactly what it sounds like: a map of all of your systems and where they are located. It is a consolidated list that allows you to quickly...
by Finosec | Jul 12, 2021 | ICBA, Banking, Cybersecurity, Fintech
In our conversations with the over 100+ community banks during the ICBA ThinkTECH we saw time and time again that cybersecurity governance is complicated, labor-intensive, and leaves community bankers feeling overwhelmed. As we dove deeper into our discussions we...
by Finosec | Jul 7, 2021 | Ransomware, Banking, Cyber Attack, Cybersecurity
Kaseya provides IT Management Software to MSPs and IT Teams to improve efficiency and security. This week they were unfortunately the victim of a sophisticated cyber attack. Many organizations that use their product may be asking themselves, “what do I need to...
by Finosec | Jun 21, 2021 | Fintech, Cybersecurity
Finosec has been selected to be a part of the ICBA ThinkTECH Accelerator! The Accelerator is a 12-week program that allows community banks to engage with startup financial technology companies. This enables participants to engage with and learn more about innovative...
by Finosec | May 25, 2021 | FDIC, Cybersecurity
The FDIC and OCC put out a joint statement on heightened cybersecurity risk concerns. This ‘heightened’ concern has bubbled up from the worries in the Middle East and Iran. In our nation’s history, oceans have been one of our primary defenses, but in...
