Your bank should be filing a SAR for certain cybersecurity events.
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 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.
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.
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.*
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.
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.
Friends of Traditional Banking (FOTB) and BankOnIT are excited to announce that BankOnIT, a bank network technology firm that focuses on helping traditional banks, has signed on as the founding Corporate Friend of Friends of Traditional Banking.
Do you see your bank’s technology as a “negative”— something that creates a drag on earnings and eats up management’s time in dealing with constantly occurring issues? Instead, what if your bank’s technology could be a source of strength, helping your bank to achieve its strategic objectives while at the same time reducing risk, reducing regulatory burden, adding capabilities and allowing management to spend more time on other, more important goals?
The FBI announced that it’s seen a dramatic rise in ransomware. These attacks entice users to open an email attachment or click on a link that downloads malware that “locks-up” or encrypts data on a computer, shared files or files on a server that’s accessible from the computer. The attacker then demands payment to unlock the data or provide the decryption key. These infections can be devastating and recovery can be a difficult and timely process.