Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future.
Category: Safety & Soundness
Physical security technology to know
New ways to upend security at branches can leave community banks vulnerable to criminal episodes. From cameras and recorders to network-based solutions and even biometrics, we highlight four of the newest technologies that can protect bank assets, associates and customers.
How law enforcement partnerships can stop cybercrime
Ransomware. Fraudulent account activity. Data breaches. Cybercrime’s intensifying presence poses grave threats to the banking sector, but by cultivating close partnerships with law enforcement and governmental agencies, community banks can centralize resources and mitigate risks.
Why your biggest cybersecurity risk may be internal
Whether it’s a bank employee or a contractor, effective cybersecurity procedures and practices are paramount to protecting the bank, its employees and its customers.
Your 2021 physical security assessment checklist
While social distancing measures may be eased in many areas, they’ve had a large effect on branch security over the past year. Here’s what to look for when doing a physical security assessment to account for the latest trends in customer—and criminal—behavior.
Fighting fraud with education
COVID-19 has exacerbated vulnerabilities to fraud. To combat this trend, Tompkins VIST Bank has been delivering valuable education to its small business customers to keep them informed and protected.
Uncertainty is fueling fraud. Here’s how to stop it
Recent data shows that the pandemic has allowed fraud to grow. Cybersecurity experts share ways for community banks to prevent potential attacks, as well as information to pass onto customers to arm them with fraud prevention strategies.
How your bank can fight first-party fraud
First-party fraud puts banks in the tough position of deciding which account applicants are synthetic and which are real. But experts agree that there are ways to can use technology and collaboration to mitigate this growing type of fraud. By Colleen Morrison It’s a crime that can take months or even years to pull off. […]
Put your finger on biometrics compliance
Today’s community banks have a full suite of resources to keep their customers and their information secure, including biometric authentication. But in the past decade, states have been eyeing new laws to regulate the use of this growing cybersecurity technology. By Mary Thorson Wright The federal Gramm-Leach-Bliley Act (GLBA) requires financial institutions to protect the […]
How to defend your bank from ransomware
Cybercriminals are taking advantage of ransomware’s low barrier of entry to compromise data and networks from banks, service providers and even customers. But experts say community banks can protect themselves with education, data management and security procedures. By Karen Epper Hoffman Cybercrime often mirrors crime in the physical world, and nowhere is this more apparent […]