I believe fintech will be one of the major differentiators for conventional banks going into the future. But many banks are turned off by the risks associated with such new companies. The banks that...

Several of our banking clients have reached out to us in the past couple weeks to ask our thoughts on Sheltered Harbor. My guess is that the common thread was attendance at the recent ABA Risk...

We’ve all heard about BEC, and many of us have seen it impact our financial institutions first hand. Business Email Compromise (BEC), also known as “whaling” or “CEO Fraud”, is a form of spear...

The hack of JPMorgan Chase & Co. and other financial giants in 2014, which involved the theft of 80 million customer records, revealed an unfortunate reality in the age of the internet: Not even the...

[caption id="attachment_715" align="alignnone" width="672"] Recently, the Wire Department at a client of ours noted an unusual event where $5,000 had come in on a Thursday, and then was requested...

[caption id="attachment_714" align="alignnone" width="672"] It’s good to be back on the blog. My last post was on September 28, 2016, which means I didn’t post one thing in Q4 of 2016. Some of you...

Recently, I've been hearing many references to password managers in the various podcasts I listen to and blog posts I read. It's not a new concept by any account, but instead, the hype is due to...

The Virtual CISO and Outsourced ISO service offering are gaining a ton of interest lately, as they very well should be. Community banks are in need of leadership in the cybersecurity realm and...

I love this article by Michelle Drolet on Network World: The enterprise is facing a dangerous combination of mounting cybersecurity threats of increasing subtlety—and a widening gap in the skills...

Last week, New York Governor, Andrew Cuomo announced new proposed state regulation for banks, insurance companies, and other financial institutions. In doing so, New York would become the first state...