Unlike other hackable businesses, financial institutions can forecast the damage in dollars and cents. Disclosure can close the security gap.
Community banks know the growing peril of cybercrime. But they can fight it effectively—even if they lack (or think they lack) the right resources.
Cybercriminals constantly prowl for holes in app code. To fight theft and secure customer data, banks must fight the battle on several fronts.
It’s a bird. It’s a plane. It’s modern IT leaping into the cloud. But be advised: No one beats the bad guys in a single bound.
Hackers now pursue valuable information and wealth from the inside as well as outside. They change tactics and refuse to give up—leaving banks in a race to keep up.
It’s the new face of an old scam that leaves consumers and financial institutions in the dark—until the damage is done.
Voice biometrics may scare customers with privacy concerns. It’s up to banks to teach them the security benefits of this remarkable technology.