Raising the Bar on Cybersecurity Compliance
Security risks, reliability risks, regulatory risks – every day, banks are facing new and ever-increasing risks due, in part, to the rapidly changing technology environment. These risks are taking up more time and becoming more challenging to manage.
Just this last month, during a Cybersecurity Awareness Seminar, regulators raised the compliance bar even higher. They “suggested” that banks should monitor a certain information security forum that creates a minimum of 10 cybersecurity alerts on a daily basis. That would require bankers to read, analyze and take action on 10 separate alerts every day!
Technology exams and regulations are getting tougher because there is more technology risk than ever before. And regulators are focused on having your bank’s board understand the technology risks they are accepting on behalf of the bank.
How confident are you that your board could answer even the most basic of IT exam questions? BankOnIT helps banks every day with information technology issues, including helping to make sure boards are informed of the technology risks they are taking and prepared for their next exam.