Pendleton Community Bank, a $700 Million Dollar Bank with 133 Employees in Franklin, WV, led by CEO Bill Loving, faced a critical challenge when their Information Security Officer departed, leaving a significant void in their oversight capabilities. Their goal was clear: establish an effective process for information security governance and cybersecurity oversight to ensure compliance and peace of mind.
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You should always start this process with the highest-risk systems. These typically include things such as active directory, core processors, wire transfers, and more. Overall, every system you have for which there is privileged access will usually be a higher-risk system.
Here’s a simple and universal truth of the human condition: we tend to avoid tasks we think will be hard. Or complicated. Or time consuming. Or all three!
Financial institutions have long viewed user access reviews as a double edged sword. They’re a crucial component in managing to least privilege.
Cybersecurity insurance is an increasingly important component of your financial institution’s overall information security program.
Finosec announced that the user access reporting process no longer needs to be complicated, thanks to their User Access Reporting solution.
Whether you are looking to firm up the infrastructure, or wanting to stay safe online, increasing cyber awareness will help create a secure environment.
User access reporting within financial institutions has been an arduous process that relies on archaic technology and is time and labor intensive.
Contracts are typically dense, highly detailed documents that can be hard to navigate.