Banking News Archives
September 17, 2020
By F-Secure | PRNewswire | Sept 17, 2020
Time: 4-5 minute read
A new report has just been released that outlines some of the trends from the first half of 2020. According to the article, the finance sector was the most frequently spoofed industry in phishing emails. The most used vehicle for spreading malware to its victims was by email and worked on over half of its victims. One of the suggestions given in this article is implementing a multifactor or multilayer security approach to help protect against some of the more common malware attacks. If you are not already implementing multifactor authentication, now is the perfect time to begin securing your community bank with this extra layer of security. If you would like more information on how to do this for your unique organization, please contact us for more details.
September 15, 2020
By Booshan Rengahari | BankDirector.com | Sept 15, 2020
Time: 4-5 minute read
As we see an increase in cloud computing around the globe, the benefits begin to far outweigh locally hosted services especially for small community banks in Kansas. This article covers three benefits to move your applications to the cloud. It lists faster innovation, more cost savings, and improved flexibility. Please contact us for more information on how Kansas Bankers Technologies help your community bank with cloud computing services.
September 10, 2020
By Daniel Dobrygowski and Derek Vadala | Harvard Business Review | Sept 1, 2020
Time: 9-11 minute read
Board member's roles in protecting their banks from cybersecurity threats are significant but often overlooked by many boards. This article details the things board members of any organization should be doing to protect their bank from these threats. Banks must already adhere to FDIC and FFIEC regulations, which require audits of the current standing of your technology. These regulations can be confusing and cumbersome, and understanding examination results can surprise many banks. If your board of directors wants help understanding the current regulations and examination policies and if your bank is prepared, then please contact us with questions.
September 8, 2020
By Thomas Cartlidge | Information Security Buzz | Sept 4, 2020
Time: 6-8 minute read
This is an article written to educate you on the current trends in phishing attacks, as well as things you can do to mitigate those attacks. This article details four ways you can more effectively protect yourself from attacks. The four ways to help protect yourself are to use multifactor authentication, use email security, educate employees, and notify customers of any breaches in your system. Here at Kansas Bankers Technologies, we want to be able to provide IT consulting services to Kansas banks in these same areas. If you are part of a bank in Kansas and you want to protect yourselves against phishing and other types of attacks, contact us. We are here to provide consulting services in the areas of setting up multifactor authentication, email security, and we have a dedicated trainer to help your bank meet the standards set by the FDIC as well as the FFIEC.
September 3, 2020
By Derek Taylor | Global Banking and Finance | September 1, 2020
Time: 6-8 minute read
This is an article written by the lead principal of Trustwave, which is an information security company based out of Chicago. In their report, they found that most attacks were being targeted towards financial institutions at 14%. This article covers how many people are unknowingly handing over their credentials to attackers. It also details how many of these scams could have been avoided to begin with. These attacks are not only subject to the largest financial institutions in the world, but banks in Kansas as well. If you want more information about keeping your bank secure, contact us so we can help.
September 1, 2020
By Chinmay Rautmare | Gov Info Security| August 10, 2020
Time: 5-7 minute read
BEC is an acronym for "Business Email Compromise.". This article discusses how scammers are targeting executives by using spearphishing. Spearphishing is an email attack that targets specific individuals in the hopes of gaining access to information from executives or board members. This article shows how the goal of many scammers is to gain executives working in financial institutions Office 365 credentials. There are solutions to mitigate these threats, such as multifactor authentication, as well as support from highly experienced IT professionals. If you are a Kansas bank and you would like more information about multifactor authentication or how to avoid BEC scams, please contact us for more details.
August 27, 2020
By Shari Claire Lewis | PropertyCasualty360| August 27, 2020
Time: 9-12 minute read
The FBI has recently released a report detailing some of the cases of Business Email Compromise (BEC) fraud. This article gives a good summary of the report as well as two examples of how BEC was successfully executed upon a financial institution, and its customers. In 2019 there were adjusted losses of $17 billion from BEC alone. If you are a Kansas bank and you want peace of mind knowing that your bank employees and board members are trained to effectively recognize security risks such as BEC, then please contact us for more information so we can help.
August 25, 2020
By Bernard, J., Golden, D., & Nicholson, M | Deloitte Insights | July 24, 2020
Time: 13-16 minute read
Deloitte & Touche LLP has recently conducted a survey in which found that financial institutions are planning to spend 15% more on network protection in 2020 than in 2019. In this report, the retail/corporate banking sector specifically increased cybersecurity spending in 2019 from $2,074 to $2,688 in 2020. Financial institutions are reporting their number 1 cybersecurity concern is the rapidly changing IT systems. Read the full article for more information. If your Kansas Bank has the same concerns as other Banks around the country, please contact Kansas Bankers Technologies to help advise you in keeping your bank safe.
August 20, 2020
By: Mark Bowen | Intelligent CIO North America | August 12, 2020
Time: 5-6 minute read
Hackers are constantly changing their tactics, and they are deploying these tactics more frequently. Unfortunately, attackers are implementing tactics on the banking industry more than any other industry to try to reap their own illicit financial gain. This article gives a quick overview of the Mimecast Threat Intelligence Report: Black hat U.S.A Edition 2020. At KBT, we take these threats from attackers seriously and strive to help banks around Kansas stay safe. If you would like more information on how to keep your bank safe, contact us so we can help.
August 18, 2020
By: Missy Oliver | (Virginia Association of Community Banks) The Community Banker, Summer 2020
Time: 5-6 minute read
As more bank employees all over Kansas are beginning to use mobile devices for not only personal use but for business use, it’s essential to understand the risks associated with these devices. This article gives a quick understanding of the security risks associated with mobile device usage in any bank environment as well as policies to put in place to help thwart any malicious intrusion into your secure environment. If you need to discuss your bank's policies regarding mobile devices or Enterprise Mobility Management (EMM) software that can help protect your bank, please contact us for more information.