Equifax is a credit bureau. Sonic is a fast food chain. Deloitte is an accounting firm. All of these firms have IT departments, and each may also have some people who are responsible for cybersecurity. Yet each of these firms has had well publicized cybersecurity breaches in the past few weeks, with Equifax having a seemingly endless occurrence of cybersecurity issues. And they’re not alone; Target, Sony, HBO - there is an ever growing list of companies that are encountering cybersecurity breaches.
Demand for IT workers across every industry sector saw gains last month, according to the Bureau of Labor Statistics. With high demand for skilled IT professionals, especially in the areas of IT leadership and cybersecurity, attracting qualified technical staff to the banking industry is especially challenging.
Over 40 banks in 30 days said yes, they wanted BankOnIT’s recently released virtual Financial Institution IT Officer, FinITO™. FinITO™, an easy-to-use, secure online program helps client banks manage, document and report on hundreds of IT compliance tasks that need to be addressed in a typical year.
The Community Bankers Association of Illinois (CBAI) awarded BankOnIT with the Service Development Award. Congratulations to everyone at BankOnIT for their hard work and dedication!
CBAI presents the Service Development Award annually to a company in recognition for the development of products and services that significantly enhance the internal operations of community banks and the delivery of bank services to their customers. Tom Marantz, Chairman of CBAI, presented the Service Development Award to BankOnIT at CBAI’s 43rd Annual Convention.
Last week, two Iowa banks decided there was a better way manage IT. They both hired BankOnIT.
Better cybersecurity, more capabilities and keeping up-to-date with information technology were all reasons these banks decided to hire BankOnIT.
Two new Oklahoma clients chose BankOnIT not only for a unique solution, but a better solution, to their information technology support needs.These new clients chose BankOnIT not only for a unique solution, but a better solution, to their information technology support needs.
Banks from Illinois to Texas are enjoying their summers knowing their information technology is being managed in a way that provides secure and reliable results.
During July, four new banks signed up for BankOnIT’s Bankers Private Cloud® service. Each new client had reasons unique to its bank for choosing BankOnIT, but all of these new clients shared a common goal. They wanted a technology partner who could help their bank spend less time on IT while getting better results in today’s constantly changing technology landscape. BankOnIT’s Bankers Private Cloud® does just that.
482. That’s the number of tasks related to IT documentation that a typical financial institution needs to address in a calendar year.
That’s why BankOnIT has released FinITO™, your virtual Financial Institution Information Technology Officer. FinITO™ was created with your institution’s Board, IT Committee and IT Officer in mind. It helps identify, track, report and manage 482 information technology related compliance tasks your financial institution is responsible for completing to satisfy regulatory compliance demands.
FFIEC Release - Update to Cybersecurity Assessment Tool
The FFIEC released an update to the Cybersecurity Assessment Tool (Assessment) on May 31, 2017. This update aligns the Assessment with prior changes the FFIEC made to its IT Examination Handbook by providing a revised mapping in Appendix A of the Assessment that matches updates made by the FFIEC in 2016 to the Information Security and Management booklet.
More bankers in Kansas have decided it is time for a change. In one month’s time, three Kansas banks selected BankOnIT’s Bankers Private Cloud® service to help them gain efficiencies, spend less time on IT and get better results than what they have previously been able to achieve.