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

ICBA Offers Cybersecurity Tips So Consumers Can Connect Online with Confidence

Oct 1, 2020 | Press Release
As Americans venture online in greater numbers to accommodate work, school and shopping, ICBA and the nation’s community banks are offering practical steps during Cybersecurity Awareness Month to help them safeguard sensitive data.

FinCEN warns of cryptocurrency risk

Oct 1, 2020 | NewsWatch Today Article
Banks should expect examiners and the Financial Crimes Enforcement Network to ask about risk exposure related to virtual currencies, FinCEN Director Kenneth Blanco said.