Internet Security

According to Gallup, 71% of Americans worry about cybercrime. They have good reason to be. In 2018, almost 1 in 4 Americans were victims of a cyberattack. Banks and credit unions have a responsibility to their customers to keep their personal information and financial data private and secure. Financial institutions must take a proactive stance on website security as more customers depend on mobile solutions. However, not all safeguards are foolproof. Below are some tell-tale signs that a cyberattack has compromised your bank website security.  

With the recent Russian cyberattack affecting federal, state, and local government entities as well as corporations like Microsoft in the private sector, financial institutions must be more vigilant to protect their website networks. Cyberthreats can target any part of your system. Hackers can access your network through online actions by your employees, customers, and vendors. This week, we’re going to look at three common cybersecurity threats that cyber thieves will use to compromise your bank website: denial of service attacks, corporate account takeovers, and watering hole attacks.

As 2020 comes to a close, now is a good time to assess your bank website security to prepare for cyber threats you can expect in 2021. To strengthen your security protocols, you’ll want to consider how to maintain federal regulatory compliance by using the right tools overseen by experienced people.

You no longer need to be an expert web developer or information technology wizard to create and maintain your bank website. The wide array of web hosting companies and open-source content management systems (CMS) have allowed small businesses to compete with larger competitors in the digital realm. While community banks and credit unions have benefited from these technological advances, financial institutions have very distinct and heavily regulated security concerns to which their websites must adhere.

How can you ensure that your bank website CMS meets and exceeds minimum security standards? Safeguarding your CMS is a two-pronged process between your bank web hosting service and you.

Financial institutions can’t risk partnering with a website design and development company that isn’t fully in charge of hosting your site. In this blog, we’ll explore the reasons why people advise against trusting your design and development company with hosting your bank website and dispel the myth that working with an all-inclusive website company is unwise.

In last week’s blog, we discussed three cybersecurity threats in 2020: attacks on the Internet of things (IoT), incidents caused by human error, and mobile and 5G vulnerabilities. In this second of the two-part series, we’re going to explore how to safeguard your digital assets from these and other cyber threats with a cybersecurity framework.