by Zach Duke | Aug 29, 2024 | Uncategorized, Budgeting, Community Banking, Cybersecurity, Information Security, IT
In the current economic environment, community banks face unique challenges such as rate compression, shrinking margins, liquidity and commercial real estate concerns. These factors make the upcoming budgeting season particularly daunting for IT and information...
by Zach Duke | Jul 23, 2024 | User Access, Authentication, Banking Technology, Banks, Compliance, Cybersecurity, FFIEC, Information Security, IT Security, Shadow IT
Are you confident that your bank has clear and thorough visibility to every employee’s physical and digital access to systems? If you’re like most banks we work with, the answer to this question is “no”. There are many challenges that make tracking employee access...
by Zach Duke | Jun 20, 2024 | AI, AI Governance, AI Information Security Assistant, AI Tools, Conversational AI, Cybersecurity, Exam, Information Security Governance, IT, Regi Ranger, Regulatory
For over a year now, every Tuesday, the Finosec team has been holding a meeting to discuss how we are leveraging AI personally, at work, and in our platform. These weekly meetings have consistently focused on sharing the impact of AI for each of us personally and the...
by Beth Sumner | May 23, 2024 | AI, AI Risk Assessment, AI strategy, Back-Office Automation, Banks, ChatGPT, Cybersecurity, Financial Institutions, Fraud Detection System, Generative AI, Innovation, Phishing, Security
Recently, I had the privilege of speaking to a group of bankers at the ICBA Live conference. When I asked who was using AI, only a few hands went up. Then I asked how many had policies forbidding AI usage, and several more hands were raised. This brought us to an...
by Zach Duke | Apr 25, 2024 | Cybersecurity, Banking, Community Banking, Cyber Attack, FDIC, Governance, Information Security, Insurance, User Access, User Access Reporting
In the evolving state of cybersecurity, financial institutions grapple with the challenge of safeguarding their digital and financial assets against cyber threats. Cyber insurance has emerged as a critical component of risk management strategies. However, the...
by Zach Duke | Apr 11, 2024 | Authentication, Cybersecurity, Digital Banking, Financial Institutions, MFA, Multi-Factor Authentication, User Access
The Federal Financial Institutions Examination Council (FFIEC) Authentication Guidance update in August 2021 has marked a significant step towards enhancing authentication and security access measures within financial institutions. This update expanded upon previous...
