By now, most banks have dipped their toes into the social media waters. In fact, 90 percent of banks are using Facebook, and more than half use at least one other platform. Unfortunately, many banks view “getting social” as simply another channel for corporate communications—not as a collaborative medium—which limits the effectiveness of social media.
Consolidation has become a common theme in the American banking industry, and for good reason. Take a look at this simple list of Dos and Don’ts before seriously considering a merger deal.
Is your financial institution’s vendor management program ready for the heightened examiner scrutiny anticipated as part of current regulatory guidance? No matter the size of your institution or the number of vendors it uses, living by the following four rules will pay off during your next exam.
By 2020, millennials will represent 50% of the American workforce. And while this might cause waves of excitement or a sinking feeling of dread—depending on your affinity for cat-themed memes—the stat makes one thing very clear: financial institutions need to prepare for the influx.
DDoS attacks are not a “one size fits all” issue; in fact they come in many different forms. Likewise, there are multiple methods to combat them effectively. Use this compressive guide to understand the variations of DDoS attacks and how best to combat them.
Financial institutions must start taking ransomware seriously. To understand the urgency, let’s go inside the machinations of a ransomware attack to show how important it is to take a multi-layered approach to ransomware prevention, detection and recovery.
During a recent conference, ACAMS polled its members on various anti-money laundering and counter-terrorism financing topics. Here are a few of the thought-provoking poll results that illustrate some of the challenges that AML professionals face.
Technology has fundamentally changed the way your institution communicates with customers. Today, the demand for digital banking has never been higher, but does this mean financial institutions can overlook their in-person branches? Of course not! So how can financial institutions transform their branches into customer destinations which implement the exciting new digital offerings customers enjoy? Check out this infographic to discover the three essential elements to transforming your branch into a customer destination.
The chaos following the recent WannaCry ransomware attack, which infected more than 230,000 systems in over 150 countries, has caused businesses worldwide to reevaluate their strategy toward ransomware. But the WannaCry attack, though unusually large in scale, fits rather soundly into the recent trend of rising ransomware attacks.
Are you in the cloud? That question is not uncommon these days, yet so few answer it with confidence. We sat down with Shawn Eftink, product manager for CSI Managed Services, to gain some much-needed insight into the cloud and what financial institutions need to know when looking into cloud technology providers.