Banking Security: Exciting Times Portend Increasing Risk
Financial institutions are relentlessly bombarded by threats of data breaches. Vigilance has never been more important in light of a string of cyber attacks as well as “inside jobs.” And vigilance is the only true defense against potentially catastrophic losses. In the long run, a bank’s practices and policies require constant evolution including regulations and association mandates, along with the impact of any security-related losses already experienced.
In this Strategic Commentary entitled “Banking Security: Exciting Times Portend Increasing Risk,” Speer & Associates, Inc. (S&A) will examine the current state of banking security in light of the changing landscape and potential threats, and discuss the components of a comprehensive security policy to monitor, identify and act to minimize the impact of illegal activities on the bank and its customers, partners, and shareholders.
