Items include
- 1 Podcasts
- 39 BID Newsletters
cyber security
Podcasts
We sit down with Stephen Dougherty of the US Secret Service to hear insights for preventing cyber attacks. Our discussion explores who is vulnerable and types of cybercrime, including BEC schemes, romance scams, work-from-home scams, deep fakes and more. Stephen also provides tips for preventing cybercrime, and reporting suspicious activity to law enforcement or relevant authorities.
Digital banking speed boosts convenience but also fraud risk. CFIs can reduce cybercrime by adding “friction right” safeguards — targeted holds, extra verification, and biometric checks — around high risk transfers and large balances.
US data breaches hit a record in 2025, with SMBs under constant, AI-driven attack. Learn how CFIs can cut cyber risk and support small-business customers facing rising breach costs.
Voice fraud is booming, and financial institutions are scrambling to keep up. Souped up with AI, these voice clones have become a bane for FIs and their customers, requiring enhanced fraud detection and prevention measures.
Cyber attacks cause expensive damage. While cyber insurance can help mitigate the cost, it’s not as foolproof as you hope. We discuss risks and preparedness in finalizing your cyber insurance policy.
Per tradition, we're looking back on our top articles of the year to BID goodbye to 2025. This July article details a new malware strain so devious that it can steal banking client credentials and drain assets before its presence is detected. CFIs should warn their customers about it before it’s too late.
In this second article reviewing 2025 banking trends, we address challenges and opportunities CFIs have encountered over the past year and how they have responded to support their continued growth and resilience.
AI-driven biometric fraud is surging, with face and voice ID spoofing, AI deepfakes, and synthetic identities. We delve into the details and how financial institutions are layering security methods to help keep accounts safe.
SMB cyberattacks are rising as CFIs face growing counterparty risk. How do customer-side breaches impact credit, liquidity, and reputation — and what CFIs can do now to prepare?
Criminals are finding more sophisticated ways to try to steal money from ATMs. We detail some of the latest methods and how CFIs can thwart them.
Text message one-time passcodes are increasingly vulnerable to interception. We discuss the concerns and the alternatives CFIs should consider to boost security.
OpenAI’s CEO says banks are too vulnerable to AI-powered attacks, and he fears a wave of fraud will sweep through the industry. Here are some defensive moves CFIs can take now.
The new malware strain is so devious it can steal banking client credentials and drain assets before its presence is detected. CFIs should warn their customers about it before it’s too late.
In response to CFIs’ more effective fraud prevention tools, criminals are now targeting CFI customers directly. We discuss four common scams and how CFIs can help their customers thwart them.
Smart friction means introducing conditional hurdles into the digital experience — but just for suspicious activity. We outline what smart friction is and how it can help combat fraud.
CFIs face an increasingly complex and evolving cyber threat landscape, with key risks related to advanced technologies, supply chain vulnerabilities, and sophisticated threat actors. We discuss strategies to future-proof your operations.
Cybersecurity and fraud are bank leaders’ top concerns, according to Bank Director’s 2025 Risk Survey. We summarize some of the survey’s key findings and how institutions are responding to the challenges.
Malware and other cyber threats seem to have unconventional names. We examine the origins of malware names and how understanding them can help you prepare for cybersecurity threats.
A recent survey of financial institution executives revealed due diligence and oversight for third-party vendor cybersecurity is inadequate. We highlight key findings and provide strategies to strengthen vendor cybersecurity.
Cybersecurity is becoming a top strategic priority for CFIs given the risk of cybercrime. We look at 5 ways to effectively combat cyber threats by embedding a strong cybersecurity culture and good cybersecurity practices.
We've finally reached the last article in our series of most popular BIDs of 2024. Now that 2025 has arrived, we're revisiting a cyber fraud topic that went from zero to sixty very quickly. Federal authorities have issued an alert about a financial scam called “pig butchering", in which victims are lured into investing in phony schemes, often involving crypto currency. The losses can be significant. We provide tips on how to identify these scammers, if they contact you.
Following tradition, we're taking a look back at your favorite articles from this year as we BID adieu to 2024. We're kicking the series off with our most popular article of the year. This spring, two of our customers were targeted in a fraudulent wire transfer scheme, with one unusual twist — the victims weren’t the CFIs’ customers, but the CFIs themselves. We provide details on how this cyberattack unfolded, as well as tips to protect your CFI from similar threats.
In this third part of our review of 2024, we look at the challenges and opportunities arising from continued digital adoption, the uptake in AI, and the increased threat of cyberattacks.
Ransomware attacks hit a speed bump in 2022. But the respite was short-lived. Ransomware attacks rose again in 2023, so this is no time for banks to let their guard down.
Is your password too easy to guess? We discuss recent findings about the most common passwords and provide tips on creating more complex passwords that you can still remember.
Bankers are more concerned about cyber fraud this year than in 2023. We look at top operational and cyber risks facing CFIs and suggest how to prepare for and prevent cybercrime.
Attacks on Domain Name Systems are rampant and can result in major problems. A compromised domain name can cause myriad headaches for both the company and its customers.
As European financial institutions prepare to adhere to the EU’s Digital Operational Resilience Act, CFIs may find value in using these rules and regulations to help shape cybersecurity initiatives.
APIs are a standard part of every CFI’s technical tool kit. They’re also a potential opening for cyberthieves. API security measures can help keep CFI data safe.
As Bluetooth usage becomes more prevalent and scammers increasingly use it as a way to hack people’s devices, CFIs should pay closer attention to related security measures.
While the number of fraud complaints related to cryptocurrency schemes is still small compared to all complaints, the dollar losses have skyrocketed, eclipsing all other types of financial fraud losses.
ATM crime is on the rise, and many thieves now empty an ATM of cash using malware, a method called “jackpotting.” Here’s how to help keep your CFI’s machines safe.
Not all cyber threats are external. That’s why it’s imperative to periodically review which employees have access to which systems. We detail best practices of identity and access management.
Access to users’ real-time geographic location information allows CFIs to boost security measures and improve relationships with younger customers. We discuss geolocation data strategies that could benefit your CFI.
What happens to your institution during a wiperware cyberattack, when all your data files are wiped clean? Recently, financial professionals participated in a tabletop simulation of wiperware scenarios. Global Resilience Federation Chairman Bill Nelson shares surprising results from the exercise and tips to help your institution plan for recovery from wiperware attacks.
AI-backed CRM systems offer major benefits, but they also involve risks. We outline the challenges of using AI for customer service and share training and security tips to minimize risks.
Information security officers are in short supply, yet in high demand. We look at steps to reduce turnover, prepare for the possibility of an ISO’s departure, and ease the stress if one leaves.
Wi-Fi-enabled smart devices are convenient, but they can also provide hackers an avenue into your system. Learn which devices are most vulnerable and how to protect them from cyberattacks.
Advancements in AI are making deepfakes a growing threat for financial institutions. Knowing the red flags to look for and educating employees and customers about such threats need to be a major part of CFIs' security measures.
Recently, two of our customers were targeted in a fraudulent wire transfer scheme, with one unusual twist — the victims weren’t the CFIs’ customers, but the CFIs themselves. We provide details on how this cyberattack unfolded, as well as tips to protect your CFI from similar threats.