BankOnIT Announces Bankers Private Cloud® Threat Mitigation Shield

BankOnIT has released the Bankers Private Cloud® Threat Mitigation Shield to help client banks better defend themselves against the rapidly increasing number of cybersecurity risks, such as ransomware, the financial industry is threatened with.

More Banks Join Bankers Private Cloud® Service

Another Kansas bank recently joined the Bankers Private Cloud® service. While there are many great reasons for a bank to use BankOnIT’s Bankers Private Cloud® service, one reason stood out to this bank in particular.

This Kansas bank joined to obtain services that were not available from other vendors. The following is why they chose BankOnIT.

October: National Cybersecurity Awareness Month

October is the 13th annual National Cybersecurity Awareness Month (NCSAM). Many organizations including the Department of Homeland Security, U.S. Department of State and many state banking associations are promoting awareness of this important subject.

“Cybersecurity Awareness Month is an opportunity for financial institutions to take stock of their level of understanding of cyber threats and their ability to respond to potential cyber attacks,” said Thomas J. Curry, FFIEC Chairman and Comptroller of the Currency.

Your Bank’s Board is Referenced 40 times in the FFIEC’s Newest Release

With regulators commenting over the past 24 months that information security is the biggest threat banks face today, more and more emphasis is being placed on the bank’s board of directors. Regulators expect the directors to effectively manage your bank’s technology risk, similarly to how the board manages credit, interest rate, liquidity and other risks your bank faces.

Your Newest Security Threat: Your Car

Did you know that you car’s infotainment system may be automatically downloading your mobile device’s data? The Federal Trade Commission (FTC) is warning consumers to be aware that personal information stored in a vehicle’s infotainment system can tell the next person all sorts of things about you.*

Colorado, Kansas and Missouri Banks Join Bankers Private Cloud®

More and more banks are joining BankOnIT’s Bankers Private Cloud® service.

Here is the reason why.

Banks are unique compared to the other businesses in their communities. Banks have requirements they must meet including having 100% uptime, maintaining a proven business continuity plan, upholding robust security and meeting the ever increasing regulatory requirements. All of these components must be met while also undergoing reoccurring audits and exams that test internal controls and a bank’s compliance with those regulations.

FRB, OCC and FDIC Are Preparing New Mandatory Cybersecurity Standards; FDIC Announces New IT Risk Examination Program Effective July 1

If your primary Federal regulator is the FDIC, your bank’s IT examinations will now be conducted using a new 60-page examination form that the FDIC has just released in its FIL-43-2016.* The FDIC’s new Information Technology Risk Examination (InTREx) Program is designed for examiners to fill out electronically and is effective July 1, 2016.

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