October 22, 2020

8 Tips for Better Cybersecurity during National Cybersecurity Awareness Month

By SolarWinds Passportal| October 20, 2020

Time: 6-7 minute read

October is National Cybersecurity Awareness Month. This article does a great job explaining what you can do to improve your Kansas banks cybersecurity.  Some of the more basic suggestions in this article are to make sure your passwords are tough, safeguarding client data, and maintain updates. One thing they don't go into detail about in their steps in detail was using multifactor authentication for services such as Microsoft 365. Following these guidelines can go a long way in securing your Kansas bank. If you would like help getting your bank secure, please contact us.

 

October 20, 2020

Ex-Trump adviser Cohn predicts bleak future for community banks

By  Hannah Lang | American Banker | October 19, 2020

Time: 5-6 minute read

This article covers a speech given by Gary Cohn at an  American Bankers Association event. In this lecture, Cohn described how community banks would continue to disappear because of a lack of resources to invest in the technology necessary to compete. The article also quotes Esther George from the Kansas City Federal Reserve Bank, saying that community banks are essential for sustained growth. It can be a challenge for your community bank to keep up with competition and regulations in technology. Still, we may be able to help your community bank stay technologically competitive as well as navigate the regulations put out by the FDIC and the FFIEC. If this is something, you would like help with at your Kansas community bank with, please contact us for more information.

 

October 15, 2020

Protecting the Financial Services Sector, As it Becomes Increasingly Vulnerable to Ransomware

By  Rick Vanover | Global Banking & Finance Review | October 14, 2020

Time: 7-8 minute read

Covid-19 has given many banks in the State of Kansas the opportunity to send workers home to keep the bank operations moving. While for many banks, this wasn’t possible before the pandemic hit, now it is. This article describes many of the security challenges banks have faced when sending workers home to work remotely. Sending employees home to work from computers on networks that don’t have the same security strength as their bank network exposes banks to dangerous malware or ransomware.  It also does a great job of describing ways to mitigate those threats by backing up your data, and using multifactor authentication, as well as blocking ports. We hope that your Kansas bank or organization has thought over some of these security challenges during these challenging times. If you need help or have questions keeping your bank safe and secure while you have workers tunneling in from their homes, please contact us to help ensure your network safety.

 

October 13, 2020

Microsoft attempts takedown of global criminal botnet

By  Frank Bajak | AP News | October 13, 2020

Time: 5-6 minute read

This article is about a piece of malicious software that was named Trickbot. Trickbot is a Trojan that was designed to steal sensitive user information such as usernames and passwords to gain access to online bank accounts. Once hackers have access to this information they are able to access take money from the unsuspecting owners of that bank account. Well, hackers are still using Trickbot and Microsoft is pushing for some legal actions to at least slow down the actions of this malicious software. The interesting part of this article describes the difficulty in taking down software like this and how organized hackers really are. Because of this you must stay vigilant and prepared to defend your bank against these types of attacks. If you want more information on staying ahead of the bad guys please contact us, for more information. We would love to help you.

 

October 8, 2020

Financial Sector Suffers the Costliest DNS Attacks at $1.275 Million Per Attack

By Business Wire | October 8, 2020

Time: 5-6 minute read

This article summarizes research that has been carried out by IDC in January to April of 2020. In this research, it was found that the financial sector was burdened more by DNS attacks than other industries. Hackers are attempting to trick bank employees into typing their credentials in a spoofed site that will, in the end, give them access to that user's computer. Much of the $1.275 million comes from downtime that the bank sees because of these attacks. One of the most riveting statistics in this summary is that a financial institution will receive 10 attacks a year on average. These types of attacks are the thing KBT is on the lookout for our small banks and organizations. If you would like information on how you can also be protected, please contact us.

 

October 6, 2020

5 ransomware trends that should alarm banks

By Penny Crosman| American Banker | October 6, 2020

Time: 10-13 minute read

This article portrays in detail what is currently happening to banks right now in terms of cybersecurity threats. Banks have seen a 520% surge in phishing and ransomware attacks during COVID-19. Bank Technology vendors Finastra, Diebold, and Cognizant were all struck with ransomware. Not only does this article define the threats and risks posed by banks, but it also lists many things that banks should do to safeguard their networks and data from attack. Those recommendations such as patching, multifactor authentication, having a detailed plan of action, and having a strong backup of all of your data are all things Kansas Bankers Technologies can help your bank or organization bolster. Please contact us so we can help protect your bank or organization.

October 1, 2020

Millions Stolen in BEC Scam Campaign

By Akshaya Asokan | Bank Info Security | October 1, 2020

Time: 5-6 minute read

This article reports on the increase in Business Email Compromise (BEC) that has been occurring worldwide. In short, BEC is a type of scam that tries to impersonate someone in your bank or organization to trick others in the bank that it is safe to wire money to accounts that the bad guys own. Attackers have been targeting Microsoft 365 accounts that have little security imposed on them. There are ways to increase the security of your Microsoft 365 account, such as strong passwords and multifactor authentication. While these security measures will significantly decrease your chances of being affected by BEC attacks, you cannot eliminate human error. One of the most significant ways to reduce these threats even more is to enact cybersecurity training in your bank or organization. For more information on securing Microsoft 365, multifactor authentication, or IT security training to help protect your organization, please contact us. We want to help you.

September 29, 2020

How to combat phishing and malware with training

By John Dujay| HR Reporter | Sept 24, 2020

Time: 5-7 minute read

This is a concise article that describes some practical ways to combat phishing and malware in your company. As the article states, since Covid-19 began, there has been a 40% increase in phishing attacks. The author believes that training the most effective way to combat phishing and malware. While other security procedures should not be overlooks, training is a crucial component to any organization or bank's IT security. Here at Kansas Bankers Technologies, we offer training that can help you better recognize threats from malware and ransomware to keep your bank or organization safe. If you would like more information on training In Kansas, please contact us for more details.

September 24, 2020

How Small Banks and Credit Unions Can Responsibly Transition to the Cloud

By Ernie Smith| BizTech| Sept 14, 2020

Time: 6-8 minute read

This article talks about the challenges that small banks and credit unions have in transitioning to cloud solutions such as Microsoft 365. It’s good to see an article that specifically targets the challenges of smaller organizations when it comes to their security concerns with the cloud. The solution for many banks, according to this article, is a hybrid cloud model. If you are a part of a small community bank or organization in Kansas, please contact us for more information to see if cloud computing is the right solution for you.

September 22, 2020

Creating a culture of cybersecurity in Financial Services

By Martin Landless| LogRhythm| Sept 22, 2020

Time: 7-9 minute read

Cybersecurity is a very important issue, but many organizations, including community banks, have not made this a priority. This author does a very good job of explaining that the CISO has the responsibility to inform the board of the importance of cybersecurity from a business standpoint. This article references a recent survey which states that cyberattacks against the finance sector are up 238%  between February and April of 2020. It also showed that 47% of executives and security professionals wanted increased security. It might be a coincidence that many banks have not fallen victim to attacks. If you share these thoughts about your community bank or organization in Kansas, please contact us so we can help you.

 

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