Outsourcing IT
It’s common practice for financial institutions to outsource some or all of their Information Technology (IT) functions to a Managed Service Provider...
Small financial institutions, such as community banks and credit unions, face unique challenges when it comes to cybersecurity. One of the biggest challenges is the shortage of cybersecurity professionals with the necessary skills to secure their systems and data. I mean, have you ever tried to find a good cybersecurity expert? It’s like finding a needle in a haystack! And for small financial institutions, it can be even more difficult. They often have limited budgets and resources to allocate toward cybersecurity initiatives which can make it difficult to attract top talent.
Why does the cybersecurity skills shortage matter? Well, for starters, financial institutions face many challenges such as the need to comply with strict regulations, protect sensitive customer data, and defend against a constantly evolving threat landscape. Without skilled cybersecurity professionals, these institutions may struggle to protect their systems from cyber threats, which can lead to reputational damage, financial losses, and regulatory fines.
There are several solutions that small financial institutions can implement to address the cybersecurity skills shortage, such as:
In conclusion, the cybersecurity skills shortage is a real issue for small financial institutions, but it’s not insurmountable. By outsourcing cybersecurity tasks, investing in employee training, collaborating with other organizations, and implementing automation technologies, these institutions, can make significant strides to secure their environment. For those institutions that need extra help, Bedel Security offers a range of services and solutions to meet their unique needs. Send us an email at support@bedelsecurity.com to learn more.
Where to start?
https://www.bedelsecurity.com/blog/where-to-start
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It’s common practice for financial institutions to outsource some or all of their Information Technology (IT) functions to a Managed Service Provider...
Community financial institutions face a wide range of cybersecurity threats, but one of the most concerning is insider threats. Insider threats refer...
If you are new to managing cybersecurity for a financial institution, I’m sure you’ll have a lot of questions. More specifically, “Where do I start?”