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.

Alert

Sector Initiatives

Sheltered Harbor

Sheltered Harbor promotes the stability and resiliency of the financial sector through industry-developed standards for protecting and recovering customer account data if a catastrophic event causes critical systems - including backups - to fail.

.BANK

.BANK is an evolution in relationship management, offering a trusted, verified, more secure, and easily identifiable location on the internet for your customers and your bank, regardless of size. .BANK provides a trustworthy stamp of approval for your online offerings.

Carnegie Endowment for International Peace

ICBA partnered with the Carnegie Endowment for International Peace and other industry experts to update “Cyber Resilience and Financial Organizations: A Capacity-building Tool Box.” Learn more about how your bank can leverage the tool box to create a more cyber resilient workplace.

FFIEC Industry Outreach Webinar Announcement: Ransomware Trends

Nov 2, 2021 | Sector Calls

The Federal Financial Institutions Examination Council (FFIEC) is offering an Industry Outreach webinar on Thursday, Nov. 18, 2021, that focuses on recent ransomware trends. The event is sponsored by the FFIEC Task Force on Supervision — Cybersecurity and Critical Infrastructure Working Group.

Webinar

Cyber and Data Security News

Using multifactor authentication to combat cyberattacks: blog

Oct 24, 2022 | NewsWatch Today
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.

Former Uber exec convicted for not disclosing breach

Oct 7, 2022 | NewsWatch Today
Uber’s former chief security officer was convicted of failing to disclose a 2016 data breach in the first criminal prosecution of an executive related to the handling of a breach.