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

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Cyber and Data Security News

Fed issues ‘synthetic identity fraud’ definition

Apr 9, 2021 | NewsWatch Today Article
The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group.

CISA issues tool for detecting threat activity

Mar 19, 2021 | NewsWatch Today Article
The Cybersecurity and Infrastructure Security Agency released a forensics collection capability to help detect activity related to the supply chain compromises affecting SolarWinds and Active Directory/Microsoft 365.