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...
by Finosec | Nov 19, 2021 | Cybersecurity, Ransomware, User Access
Earlier we discussed the frequency of user access reviews and how often they should be completed. You can read that blog here. It seems that there is a direct correlation between user access review frequency and the difficulties associated with those reviews. A highly...
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...
