Finosec Official Blog

Budgeting for Cybersecurity

FINOSEC posted in Cybersecurity, Innovation, Banking, Budgeting


The FDIC requires that within a financial institution’s budget there must be a specific allocation for cybersecurity elements. That is, that there is money going toward services, programs, and coverage related to this item. More than just a requirement, though, it is important that your institution structures the budget in such a way that you can feel confident in your cybersecurity and information security abilities. Because “cybersecurity” can tend to be a rather nebulous term, sometimes getting lumped together with all things IT, Founder and CEO Zach Duke spends a few minutes discussing how to have fruitful conversations and create an effective budget around this element. Watch the video below for more information.

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