Community banks can fortify their defenses against hackers and help keep their sensitive data safe by integrating strong multifactor authentication protocols, ICBA’s Joel Williquette writes in a new blog post.

The Problem: Common forms of MFA that employ SMS-based texts, one-time passwords, or mobile push notifications are being increasingly compromised, as in Uber’s widely publicized exposure.

The Solution: With these new developments in mind, Williquette writes in Main Street Matters that community banks can take additional steps to protect their data going forward by:

  1. Including data and cyber security staff in decisions regarding which MFA standards are implemented.

  2. Working with third-party providers to help identify suitable solutions and best practices.

  3. Leveraging resources available through the FIDO Alliance and the FIDO Certified Showcase to implement this gold standard in MFA.

Resources: Community bank-focused cyber resources are available on ICBA's Cyber and Data Security resource center

More: A customizable news release recognizing Cybersecurity Awareness Month—along with other custom marketing and communications resources—is available on ICBA’s “Tell Your Story” Toolkit.