As the remote work trend intensifies, it brings to the forefront the importance of strong cybersecurity practices.
Bankers know cybersecurity continues to be a top priority.
Phishing is still a big problem.
Synthetic identity fraud is difficult to track and halt due to its very nature.
Cisco reports that many small and medium-sized businesses can go out of business due to a cyberattack.
According to McAfee Labs, data breaches rose 20%, in Q3 2018 vs. the same period in the prior year in the financial sector.
The exploitation of privileged users' access to a network is typically the main root cause of most large-scale breaches.
Big data is supposed to give banks' customers exactly what they need at the time they need it.
Cybersecurity is serious stuff, but the FDIC's Cyber Challenge video series makes training a little easier for community banks.
You can do your best to keep up with the latest cybersecurity measures, but they aren't perfect.