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Many financial institutions rely on interactive voice response to provide customers secure access to information about their accounts.
According to the 2021 CSBS National Survey of Community Banks, cybersecurity risks remain the leading operational concern for community financial institutions.
Yet, with the latest Russian cyber threats, it is becoming even more important.
Did you know that 15MM Americans experience identity theft annually?
The use of QR codes has skyrocketed since the pandemic.
Due to the high stakes in cyber risks within the financial industry, regulatory agencies recently issued specific guidance called, “Computer Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers.”
With big threats of ransomware, financial institutions rely on their back-up systems to avoid paying a ransom and indemnify them, if their systems are not unlocked by the thieves.
Here are three cyber risks to put on your radar.
Deepfakes have been around for a while, but they are now increasing dramatically with costly effects.
It’s been a year of renewed focus on compliance and risk, the LIBOR transition, and increasing threats from cybercriminals.