Internet Security

Most businesses nowadays including banks develop partnerships with third-party vendors, particularly technology vendors, in order to provide a better service to their customers. These relationships with third-party vendors can contribute to the improvement of the overall performance, reduce costs, and allow for greater convenience in the day-to-day operations. In fact, they can greatly help businesses to position themselves better in […]

In this digital era, marked by an always-connected population, websites had become the main protagonist of every business. It is commonly the way your business makes the first contact and impression with the potential customer. For your bank to be on the up and up, in the long run, you must choose the best hosting provider for your unique set […]

According to Gallup, 71% of Americans worry about cybercrime. They have good reason to be. In 2018, almost 1 in 4 Americans were victims of a cyberattack. Banks have a responsibility to their customers to keep their personal information and financial data private and secure. Financial institutions must take a proactive stance on website security as more customers depend on mobile solutions. However, not all safeguards are foolproof. Below are some tell-tale signs that a cyberattack has compromised your bank website security.  

Last week, we discussed the rules and regulations of the Federal Depository Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) that financial institutions must follow for their internet security program to be compliant. In the last of the two-part series, we review federal and state laws that govern bank and credit union cybersecurity programs.

Data privacy continues to be a growing concern for banks and credit unions, especially as more customers use their mobile devices to conduct financial transactions. Now is a good time to review your internet security plan to ensure that your bank or credit union website meets federal regulations and compliance. In this two-part series examining internet security for financial institution websites, we’ll review government standards, rules, and regulations for safeguarding data privacy on your website. This week, we delve into what regulatory bodies say about the topic.

As 2020 comes to a close, now is a good time to assess your bank website security to prepare for cyber threats you can expect in 2021. To strengthen your security protocols, you’ll want to consider how to maintain federal regulatory compliance by using the right tools overseen by experienced people.