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.

You no longer need to be an expert web developer or information technology wizard to create and maintain your bank website. The wide array of web hosting companies and open-source content management systems (CMS) have allowed small businesses to compete with larger competitors in the digital realm. While community banks have benefited from these technological advances, financial institutions have very distinct and heavily regulated security concerns to which their websites must adhere.

How can you ensure that your bank website CMS meets and exceeds minimum security standards? Safeguarding your CMS is a two-pronged process between your bank web hosting service and you.

Financial institutions can’t risk partnering with a website design and development company that isn’t fully in charge of hosting your site. In this blog, we’ll explore the reasons why people advise against trusting your design and development company with hosting your bank website and dispel the myth that working with an all-inclusive website company is unwise.

In last week’s blog, we discussed three cybersecurity threats in 2020: attacks on the Internet of things (IoT), incidents caused by human error, and mobile and 5G vulnerabilities. In this second of the two-part series, we’re going to explore how to safeguard your digital assets from these and other cyber threats with a cybersecurity framework.