by Beth Sumner | Jul 2, 2024 | Community Banking, Financial Institutions, Information Security, IT, Risk, Shadow IT, User Access
In the world of community banking, the landscape of information security and cyber risk management has dramatically evolved. Gone are the days when all servers were in-house, and every application installation involved the IT department. Today, it’s easier than ever...
by Zach Duke | Jun 6, 2024 | AI, AI Governance, AI Policy, FDIC, Financial Institutions, Generative AI, Governance, Information Security, Information Security Governance, IT, Machine Learning, Regulatory, Technology
The integration of artificial intelligence (AI) in the financial services sector presents both transformative opportunities and significant challenges. As financial institutions increasingly evaluate AI technologies, it is crucial to ensure these innovations comply...
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 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...
by Beth Sumner | Dec 15, 2023 | Banks, CSBS, Cyber Attack, Cybersecurity, Digital Banking, Financial Institutions, Governance, MFA, Multi-Factor Authentication, Ransomware
Fostering a Culture of Security Through Education and Oversight As we wrap up our informative series based on the R-SAT v2.0 insights, we highlight not only the tactical applications of cybersecurity but also the strategic importance of cultivating a robust security...
by Beth Sumner | Nov 30, 2023 | Cybersecurity, Banks, CSBS, Cyber Attack, Digital Banking, Financial Institutions, Governance, MFA
Introduction: Streamlining Data Management in Cybersecurity Continuing our initial discussion in the 3-part series from the R-SAT v2.0, we turn to the core of data protection: data management. As an Information Security Officer, your role is pivotal in safeguarding...
