Finosec Official Blog

Recent Guidance on Authentication

Sep 16, 2021 11:45:00 AM / by Finosec posted in Cybersecurity, Innovation, Banking, Authentication, Guidance

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The FFIEC has released an update titled “Authentication and Access to Financial Institution Services and Systems.” It ​​replaces two previously released FFIEC issued pieces: "Authentication in an Internet Banking Environment" released in 2005, and the "Supplement to Authentication in an Internet Banking Environment" released in 2011. The guidance has been expanded to include employees, third party vendors, and APIs with increased expectation in regards to controls and risk management. This update is clearly focused on an understanding of the threat landscape, having a current risk assessment, ensuring layered security, and a general increase in authentication implementation. Take a few minutes to watch FINOSEC President and CEO Zach Duke unpack this information.

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FFIEC Releases New AIO Booklet

Sep 8, 2021 11:10:00 AM / by Finosec posted in Cybersecurity, Innovation, Cyber Attack, Banking, FFIEC, Booklet

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The FFIEC AIO (Architecture, Infrastructure, and Operations) is an update to the operations handbook that was released on June 30, 2021. It doubles the size of the existing operations booklet released in 2004, and provides some considerable changes in regulatory expectations. It includes some expanded guidance from the previous booklet (on items such as hardware and software inventories, and environmental controls) as well as brand new areas of guidance (including increased accountability for board and senior management, third party risk management, and evolving technologies). 

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Cyber Attacks

Aug 19, 2021 11:12:00 AM / by Finosec posted in Cybersecurity, Innovation, Cyber Attack, Banking

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The sophistication of cyber attacks continues to grow. According to the Accenture Cost of Cybercrime Study, the average cost of a breach in financial services is $13 Million. As a financial institution, we have to be right 100% of the time while Cyber Criminals only need to be right once. 

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The Importance Of A System Map

Aug 5, 2021 11:15:00 AM / by Finosec posted in Cybersecurity, Innovation, Banking, system map

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ICBA ThinkTECH Overview

Jul 12, 2021 1:34:23 PM / by Finosec posted in Cybersecurity, Innovation, Fintech, Latest News, Banking, ICBA

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In our conversations with the over 100+ community banks during the ICBA ThinkTECH we saw time and time again that cybersecurity governance is complicated, labor-intensive, and leaves community bankers feeling overwhelmed. As we dove deeper into our discussions we found these three common challenges.

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Kaseya Attack - Video Series

Jul 7, 2021 1:47:33 PM / by Finosec posted in Cybersecurity, Kaseya, Cyber Attack, Ransomware, Banking

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Kaseya provides IT Management Software to MSPs and IT Teams to improve efficiency and security. This week they were unfortunately the victim of a sophisticated cyber attack. Many organizations that use their product may be asking themselves, "what do I need to do to protect myself and my team?" Finosec has put together a video series to help guide you through the attack, next steps and what it means for your institution.

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Finosec Selected for ICBA ThinkTECH Accelerator

Jun 21, 2021 3:20:24 PM / by Finosec posted in Cybersecurity, Innovation, Fintech, Latest News

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Finosec has been selected to be a part of the ICBA ThinkTECH Accelerator! The Accelerator is a 12-week program that allows community banks to engage with startup financial technology companies. This enables participants to engage with and learn more about innovative solutions. Meetings are facilitated by the Venture Center and participating community banks. To learn more about the program and sign up to take part in this first-of-its-kind opportunity click here.

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Finosec Selected for ICBA ThinkTECH Accelerator

Jun 16, 2021 3:38:25 PM / by Finosec posted in Innovation, What's New, Press Release

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MEDIA

CONTACTS

NICOLE SWANN

nicole.swann@icba.org | 202-821-4458

Ashley Elliott

info@finosec.com |770-268-2765

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Finosec CEO Combines Innovation and Significance

May 27, 2021 11:01:36 AM / by Finosec posted in Innovation, Fintech, Latest News

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Want to learn about #fintechsouth innovation challenge finalist, Finosec? Zach Duke, CEO and founder of Finosec shares his perspective on innovation and significance! Click here to learn more!

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Top Three Fintech South Finalists

May 27, 2021 10:25:35 AM / by Finosec posted in What's New, Fintech

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We are excited to be one of the three finalists for the #fintechsouth innovation challenge! To learn more click here!

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