Why banks remain so vulnerable to cybersecurity risks—and how to plug the leaks
Some basics — like devising the strongest passwords and training and testing against social engineering attacks — should already be in place in your bank. An expert offers more than a dozen advanced steps you should be asking your experts about.
As more regional and community banks attempt to scale up to become more competitive, that growth can challenge their ability to effectively secure all their systems and data. This in turn can create lapses that result in critical cybersecurity issues.
The risks go beyond simple growth. Other factors that can contribute to vulnerabilities include outdated legacy systems and disruption from M&A system issues
Another risk: Cybersecurity teams that aren’t big enough to meet today’s threats, or that lack the requisite skills.
Weaknesses that enable outside and inside threats
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