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 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.

Cyber and Data Security News

OFAC sanctions individuals for cyber efforts supporting North Korea

Apr 25, 2023 | NewsWatch Today
The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.

FS-ISAC warns of cybercrime following SVB failure

Mar 20, 2023 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on uncertainty following the collapse of Silicon Valley Bank.

FS-ISAC Risk Reports