Oct 28, 2019
According to a
recent survey of community bankers, cybersecurity was the
highest-rated risk concern, with over 96% of community bank CEOs
reporting that they considered it an important or very important
risk factor for their bank. As we observe Cybersecurity Awareness
Month in October, ABA cybersecurity expert Paul Benda joins the ABA
Banking Journal Podcast for a bonus episode covering:
- The salience of cyber-enabled fraud — not outright hacks of
banks’ systems, but fraud techniques that use technology to exploit
weaknesses in systems, such as phishing to perpetrate a business
email compromise scheme.
- How banks are using and securing cloud
computing technology — an issue Benda
recently testified about on Capitol Hill — including
common applications like Microsoft Office 365.
- The need for growing sophistication in third-party risk
management and due diligence in an increasingly complex
cybersecurity and technology environment.