OPERATIONAL RISK

Cyber & Data Security

Prevention and risk mitigation are key components in every aspect of bank operations - the same holds true in the protection of customer data.

Cybersecurity is the prevention of damage to, protection of, and restoration of data, systems and processes. Cybersecurity has three main components, data security, user security, and infrastructure security.

Data security is the concepts or strategies used to keep data secure. Data security focuses on protecting personally identifiable information (PII) from unauthorized access as one would see during a cyber breach or other significant cyber incident.

Prevention and risk mitigation are key components in every aspect of bank operations - the same holds true in the protection of customer data.

Sector Calls

No Sector Calls at This Time

Cyber and Data Security News

VPN compromise illustrates growing malware trend

Apr 22, 2021 | NewsWatch Today Article
Cybersecurity firm FireEye said it is tracking 12 malware families associated with the exploitation of Pulse Secure VPN devices.

ICBA comments on computer security incident notification requirement

Apr 13, 2021 | NewsWatch Today Article
ICBA submitted a comment letter in response to a notice of proposed rulemaking requiring banks to notify their primary federal regulator within 36 hours of a computer-security incident.