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 28, 2021 | Ransomware, Cybersecurity
Finosec President and CEO Zach Duke has spent a few minutes breaking down the Ransomware Self Assessment Tool. This tool was created by the Conference of State Bank Supervisors, and was crafted to help mitigate the risks associated with Ransomware. Furthermore, it...
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...
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...
