October is Cybersecurity Awareness Month. Let's talk about risk.
posted by Stephan Thomasee on Wednesday, September 30, 2020 in SHAZAM Blog
Banking is a business of managing risk. Often, we hear terms like liquidity, loan quality or rate risk. But there’s another area of risk that doesn’t get as much attention as it deserves and has the potential to cripple your organization: cybersecurity and the threat it represents to your institution’s long-term reputation.
This week kicks off National Cybersecurity Awareness Month, recognizing the importance of how much our daily lives depend on the internet and the security of data. Much of the time it seems the line between our online and offline lives is blurred.
While financial institutions continue to embrace the advantages of conducting business online during the current pandemic, the downside is the increased risk of cyberattacks and data breaches that can cause significant losses, the interruption of operations, and damage to your institution’s reputation.
At SHAZAM, we take this responsibility very seriously and are dedicated to protecting the data of our clients. Remember, simple actions like password management and providing employee cyber awareness training can make a huge difference in the overall security of your financial institution.
Cybersecurity is the focus of all SHAZAM blogs in October. We hope you find the information helpful in keeping your institution and accountholders safe.
Join us in spreading the word about National Cybersecurity Awareness Month. Raising awareness is a critical first step. By doing so, our interconnected world will be safer and more resilient for everyone.
SHAZAM, Inc. and ITS, Inc. provide this blog for general informational purposes only. Our blog may be shared by a direct link wherein the content remains as originally presented and has not been altered. SHAZAM, Inc. and ITS, Inc. assume no responsibility for errors or omissions in the contents on the blog. By using this blog, reader agrees that the information published does not constitute nor is a substitute for legal advice which should only be sought from a qualified, licensed attorney.
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