January 28, 2021

Cybercriminals Cash Out as Finance Industry Becomes Lucrative Targets

Dark Reading | January 27, 2021

Time 6-8 minute read

This article lines out some of the latest statistics facing financial institutions in relation to them being targets of attacks by cybercriminals. Attacks are costing FI's 75% more than other industries, and they have seen a 20% increase in attacks in the past year. Almost 60% of FI's have suffered attacks stemming from a COVID-19 scam, and 64% have suffered from stolen credentials. It lists many more eye-opening statistics as well. It then discusses these organizations' internal challenges when trying to defend themselves against these external threats. I'm sure you may be able to relate to many of the internal difficulties that your Kansas Bank may be facing very similar issues internally. We may help your bank with some of these challenges and get a policy in place to actually be effective for your bank. Contact us for more information.

 

January 26, 2021

How to prevent business email compromise attacks?

Shubham Kumar | Customer THINK | January 25, 2021

Time 5-6 minute read

Business Email Compromise attacks are those that target financial institutions such as banks. A hacker will send an email that looks like it is from someone with authority at the bank and request that money be wired to what looks to be a legitimate account. However, this account is associated with one set up by the hacker. According to this article, training is the best weapon for defeating BES attacks. A list of other steps can be taken, such as multi-factor authentication, registering similar domains to your own, double-checking the sender's email address, and always double-check where you are sending money. If you would like more information on BEC attacks and training for your bank employees on how to combat BEC, please contact us for more details.

 

January 21, 2021

Cyberinc Lends Insights into the Top Trends in Cybersecurity in 2021

Businesswire | January 21, 2021

Time 6-8 minute read

While already in our first month of 2021, predictions are being made on what will be the biggest threats to banks in 2021, as well as the top trends for 2021. One interesting technology shared in this article is something called remote browser isolation, which runs your browser virtually on the cloud. The benefit to this technology is that if you were to by chance download or click on something hazardous on the internet, it will not harm your local computer. This technology would help alleviate the top three trends for 2021: attackers using more ransomware, securing web browsers, and users continuing to be the weakest link in spreading viruses. While the browser technology is in its infancy today, it is still something in its infancy for now. For more information on how to buck 2021’s foretold trends, please contact us for more details.

 

January 12, 2021

Microsoft Teams is getting a new feature — and Zoom should be worried

Brittany Vincent| Tom’s Guide | January 10, 2021

Time 2-3 minute read

Microsoft Teams has many features, including chatting with office members, making phone calls, and organizing your calendar. For corporate users, it syncs with Outlook. However, there is also a video conferencing feature in this software that has been competing for market share with Zoom. In an attempt to continue to increase their market share, Teams has added a “Dynamic View” option that will let you organize whom you want to see during a presentation and where you want to see them. Teams offer a feature-packed video conferencing solution that works seamlessly with existing Microsoft 365 products. If your Kansas Bank already utilizes Teams but requires more training, please contact us for training designed specifically for your bank. If your Kansas bank is interested in how Teams would work for your business, please contact us to share more information with you.

 

January 8, 2021

12 Cybersecurity Predictions For 2021 Every Organization Must Consider

Remesh Ramachandran| Entrepreneur | January 4, 2021

Time 5-7 minute read

One thing that 2020 gave us that may not have been touted as much as other news is the incredible rise of cybersecurity attacks on institutions in every business sector in the United States. That includes the financial industry. It’s been shown that banks have had to increase their spending to protect their sensitive data. According to this article, it is predicted that this trend will only continue in 2021 and is expected to grow at least until 2024. The finance sector is one of the four industries predicted to see the fastest growth this year. As IT security becomes more of a challenge in the future, we want to help your Kansas bank stay protected against threats inside and outside your institution. Please contact us for help keeping your data and customers safe.

 

January 4, 2021

Five banking scams to watch out for in 2021

Chiara Cavaglieri | Which? | December 30, 2020

Time 6-7 minute read

As we begin a new year, there is a common hope of better things coming to those who have experienced a tough year. Many banks around the world suffered more cybersecurity attacks than they have ever experienced before. Many of those attacks came as scammers tricked many by taking advantage of the COVID epidemic. What are some of the scams that banks may have to face in 2021? Read this article to see some of the predicted future attacks banks may see in the coming year. We hope that all Kansas banks keep their customer's information safe, and we can help you do that. For more information, please contact us to harden your bank's security in 2021.

 

December 24, 2020

FDIC Releases New 2020 Community Banking Study

FDIC | December 16, 2020

Time 20-45 minute read

The FDIC has released a new report on a study it conducted on community banking in 2020. There is a technology section to this report that sheds light on some of the trends and thoughts that community banks have regarding technology adoption. Many community banks of similar asset sizes may hold the same or similar views regarding technology adoption. According to one of the infographics, cost was the number 1 factor in adopting new technology for banks. It also covers the number of banks that host their own technology vs. outsourcing it.

 

December 18, 2020

FDIC, OCC proposal would give banks 36 hours to report cyberattacks

Dan Ennis | Banking Dive | December 16, 2020

Time 4-5 minute read

As the article states, a new rule that is being proposed by the FDIC and OCC would required banks to notify regulators within 36 hours of a breach as well as notify customers of any service outages of four hours or more. One of the more interesting statistics in this article is that the first five months of 2020 saw a 238% increase in attacks against financial institutions. Of course, there are attacks against big companies like Capital One as well as bank vendors such as Amazon Web Services, but these are the big names in the industry. Many attacks against small banks in Kansas never make the news, but that doesn’t mean it doesn’t happen. Be sure your bank is protected and prepared for an incident like this. Contact us for more information.

 

 

December 15, 2020

Providing Employees With the Right Technology, Security and Experience Are Key To Successful Remote Working

Ross Chippendale | Global Banking and Finance | December 14, 2020

Time 5-6 minute read

There are so many things to consider when having your employees work from home. One of the most important considerations should be security. Statistic after statistic shows that as businesses and especially banks have moved to allow employees to work from home, security gaps were allowed to occur, and employees were more likely to click on that email containing ransomware or malware. It also relies on an employee's home network, which is often less secure than your bank's network. This article states that 58% of employees are confident that their employer needs to provide better tools to work remotely. Maybe one of those tools available to your employees working from home is better IT support and security. If you are a Kansas bank looking to strengthen your work from home environment, please contact us for more information.

 

December 10, 2020

One In Ten Financial Organisations Take Over A Month To Fully Recover From A Ransomware Attack, Finds Veritas Technologies Survey

Global Banking & Finance Review | December 10, 2020

Time 3-4 minute read

In this article, some new statistics about ransomware in the banking industry are uncovered, which seem shocking. The report states that 22% of banks admit to paying a full ransom after an attack. The word that stuck out in that sentence was “admit.” The thought of how many banks are concealing their ransomware attack, especially when many of them can be prevented with a change in bank policies. Smaller banks in small towns may think they aren’t targets for these types of attacks, but that has just proven wrong time after time. Smaller banks are sought after by hackers because hackers believe they may have less technology protecting their banks. Keep your Kansas bank safe from hackers. If you need help doing that, then please contact us for more information.

 

December 8, 2020

Fresh Spear-Phishing Email Spoofs Microsoft Domain

Prajeet Nair | Bank Info Security | December 8, 2020

Time 5-7 minute read

According to this article, hackers have found a way to spoof Microsoft.com in emails to send phishing emails to unbonded individuals. As the report states, typically, email systems can separate emails that are part of phishing campaigns because they aren’t sending emails from a legitimate source. However, this example is different. Be on the lookout for messages similar to the one shown in this article, as it could be part of a campaign to steal your username and passwords. Our best suggestion would be to ensure your accounts aren’t compromised is to use multifactor authentication. For other tips and help, if you feel your passwords have been compromised, please contact us.

 

December 4, 2020

Experian Experts Predict COVID-Related Scams to Continue Into 2021

Sandra Bernardo| Experian| December 2, 2020

Time 5-6 minute read

While many people have their opinions about 2020, it looks like some things we hope to go away will continue to 2021. COVID-19 related scams will continue after starting a new year, especially as new vaccines become available and some await their turn. While this article gives many tips on an individual level of what you can do to prevent becoming a fraud victim, it doesn't detail what businesses can do to protect themselves from these hoaxes. It takes one user in a bank to unknowingly click on an email containing malware or ransomware, thus leaving your bank's information available to those on the dark web for sale to the highest bidder. To ensure your Kansas bank is protected from these types of threats, please contact us so we can help.

 

December 1, 2020

How COVID-19 is driving consumers and banks to embrace digital technology

Criteo | November 30, 2020

Time 5-6 minute read

With statistics in this article stating, 43% of respondents saying that the way they bank has changed due to COVID-19. You have to wonder if small banks in Kansas have had to make this change as well. The answer is yes. Many small-town banks in Kansas have also had to change how they do business to protect their employees and customers by giving them options that technology can create. With the increased offerings from banks for employees and customers, risk also increases as well. Ensuring employees are accessing bank resources using secure and protected networks at home and making sure customers don't fall for fraudsters trying to take advantage of this situation should still be of vital importance to safeguard your bank's records. Please take a look at this article for more information and contact us for more ways to protect your valuable data.

November 24, 2020

Updated Trickbot Malware Is More Resilient

Doug Olenick | Bank Info Security | November 24, 2020

Time 5-6 minute read

As covered previously, Microsoft was a part of a massive takedown of bad guys using trick bots to infect computers worldwide. Since this went down, bad guys have created a new strain of the trickbot that is more resilient, according to this article.  Microsoft and others knew this would be a likely outcome. Still, because of election season, they decided to go for it to protect voting equipment. However, voting equipment are not the only computers that can be affected by these trickbots. Your bank's computers can be infected with this as well. Sometimes your bank infrastructure can be infected without you even knowing it. If you are a Kansas bank and want us to help you make sure you're protected, please contact us for more information.

 

 

November 19, 2020

Credential Stuffing: What Banks Need To Know

Will Raymer | Access Softek | October 23, 2020

Time 4-6 minute read

Have you heard of credential stuffing before? Do you use the same password for multiple sites? As described in this article, it’s a tactic used by hackers to purchase blocks of credentials that have been exposed during data breaches. The reason hackers are doing this because they know there are many users out there who reuse the same passwords for the same sites. As we see much too often, this quote from the article hits home. “Studies on password reuse usually conclude two things: almost everyone knows not to reuse passwords, and almost everyone does it anyway.” We have solutions for your Kansas bank to help fight off these types of attacks. Please contact us for more information.

 

November 17, 2020

MSPs Report Ransomware is Still the #1 Malware Threat Affecting Businesses; Cost of Downtime Nearly Doubles Since 2019

Datto | November 17, 2020

Time 6-8 minute read

As the title suggests, this article states, the cost of downtime for an average business has gone from almost $50,000 to over $270,000 since 2018. Most of this downtime is coming from ransomware attacks. How are you and other banks trying to make sure they are protected from ransomware attacks? Well, this article states that the number one solution is through business continuity and disaster recovery. The second is training, and the third is by using antivirus. As striking as these numbers may be, we understand that while community banks must have business continuity and disaster recovery plans in place, many have not taken the time to test these plans. While training is the second most popular solution to stopping ransomware attacks, many community banks will not do this unless required they have been victims before. If you are worried about your community bank in Kansas being victims of a ransomware attack, please contact us so we can help with solutions.

 

November 12, 2020

Phishing Campaign Tied to Trickbot Gang

Prajeet Nair | Bank Info Security | November 12, 2020

Time 5-6 minute read

A good Thursday reminder to everyone to always be on guard and be aware of what is coming into your mailbox. A group is sending out what looks to be legitimate emails from within your organization but instead tricks you into clicking a link that installs a trick bot on your computer that causes harm to your computer and your bank. Click on the title of this post to read more details on this trick bot. If you get a suspicious email and you are unsure what to do with it, call your IT department to receive guidance and help on what to do. If you’re a community bank here in Kansas and you have questions or concerns or would like more training on malware, trick bots, etc. then please contact us for more information.

 

November 10, 2020

Cisco's Duo Security Report Shows Shift to Remote Work is Accelerating Digital Adoption

Cisco Systems, Inc. | November 10, 2020

Time 7-9 minute read

Right away in the news summary of this article, it states that there was a 90% spike in out-of-date devices since COVID-19 has forced many businesses to have employees partake in the growing trend of Bring-Your-Own-Device (BYOD). This article summarizes the Duo Security at Cisco report published today and has many surprising findings in it. One of the reasons why these statistics are so surprising is that hackers can use these out-of-date machines to gain access to companies' networks. One of the many reasons why there has been an increase in out of date computers is because some banks have allowed some employees to access bank resources from their home computers during lockdowns. It’s possible that lockdowns could happen again, and hackers are only getting more creative. If you want to make sure all of the devices connecting to your bank resources are up to date, please contact us for a quick conversation.

 

November 5, 2020

Emotet Attacks Continue to Soar as Botnet Spreads Globally

By Chinmay Rautmare | Bank Info Security | November 04, 2020

Time 6-7 minute read

One of the big names in ransomware for banks these days is Emotet. According to this article, this botnet has had a 1,200% increase in the third quarter of 2020. Education is maybe one of the most effective forms of resistance against these pesky attacks in education. One of the reasons this article has been shared is that it does an excellent job teaching about the botnet and even gives an example of an email that this botnet originates. While other forms of security are of vital importance to help protect your Kansas community bank, education should not be overlooked. If you are interested in learning more about how Kansas Bankers Technologies can help your bank employees become educated on these types of threats to avoid attacks, please contact us.

 

November 3, 2020

Microsoft Will Patch Zero-Day Flaw Found by Google

By Jeremy Kirk | Bank Info Security | November 03, 2020

Time 4-5 minute read

In the last few days, there have been a few zero-day vulnerabilities found by Google Project Zero, whose mission is to be the good guys in finding software vulnerabilities. They recently discovered a vulnerability in their own Chrome browser, which they now have a patch for, so be sure you update chrome. According to this article, though, Microsoft has yet to patch this vulnerability. While the article speaks of the effects this vulnerability may have on our elections, it could affect banking. Are you protected and have a plan if a flaw like this one compromises your bank's sensitive records? If you want to make sure your community bank is protected, please contact us to help you stay protected.

 

October 29, 2020

Google, IBM Rush to Sell Banks Cloud Software

By Penny Crosman | American Banker| October 22, 2020

Time: 8-10 minute read

This article shines a light into the possible future of banking technology from two giant tech companies we have all heard of. Google and IMB. While focusing on different banking technology areas, they are pursuing a popular path of cloud-based banking solutions. Will these technologies be the beginning of a more significant change in banking technology? If you want to make sure your local community bank keeps up with the latest technology that makes sense in terms of ROI and retaining customers, please contact us for more information.

 

October 27, 2020

Get Up to Speed on Social Engineering

By SolarWinds Passportal | October 8, 2019

Time: 3-4 minute read

As part of Cybersecurity, Month Solarwinds has published its eight tips to protect yourself from cyberattacks. In this tip, social engineering is covered by defining what it is and how to mitigate attacks from those trying to access your systems through these attacks. The solutions they provide, such as implementing multifactor authentication and taking part in thorough security awareness training, are both solutions we can help you implement. KBT is big fans of both of these solutions, and if you haven’t implemented either of these, we can help you. Please contact us for more information on how these two solutions can help protect your community bank in Kansas.

 

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 bank's 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, 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 slow down this malicious software's actions. 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 your Microsoft 365 account's security, 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.

 

September 17, 2020


COVID-19 spam, phishing emails, plagued users in first half of 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

Three Reasons to Take Banking to the Cloud

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

Does Your Board Really Understand Your Cyber Risks?

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

Phishing Trends In 2020: How To Adapt To Keep Hackers At Bay

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

How Cybercriminals Are Targeting Banks with Multi-stage Phishing Attacks

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

BEC Scam Targets Executives' Office 365 Accounts

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

FBI tips to Avoid 'Business Email Compromise' Fraud

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

Reshaping the cybersecurity landscape

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

Latest Mimecast Research Finds Threat Actors More Motivated by Money Than Intelligence or IP

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

Mobile Devices at Work – How to Allow Them While Protecting Your Bank

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.

< Back to News