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.

Cyber and Data Security News

Supplemental guidance issued on SolarWinds attack

Dec 22, 2020 | NewsWatch Today Article
The Department of Homeland Security and Cybersecurity and Infrastructure Security Agency issued supplemental guidance to its alert for affected organizations to help mitigate exposure related to the supply chain attack on the SolarWinds Orion Platform.

Agencies propose standards for computer security incident notifications

Dec 21, 2020 | NewsWatch Today Article
Federal banking agencies issued a proposal that would require banks to promptly notify their primary federal regulator after a computer security incident.