Information Technology for Directors Q3 2020

July 13, 2020

Your Next Regulatory Exam May Be Easier and More Difficult

Because of the effect of the pandemic, banks can expect examiners this fall to show some leniency in various areas and take a hard line in others.

Four Tips to Improve Monitoring and Compliance Demands

May 29, 2020

Last week, I hosted a complimentary webinar for members of the Community Bankers Association of Kansas, and feedback showed that top industry concerns were monitoring and compliance demands. Training and resources regarding due diligence, cybersecurity, IT management and risk management can help banks with oversight and accountability regarding confidentiality and the integrity of their data.

Guarding Against Virtual Viruses in a Pandemic

May 11, 2020

As healthcare experts work to mitigate the Covid-19 pandemic, the banking industry is faced with fighting other viruses.

Cyber attackers are known to be opportunistic, pouncing during times of anxiety and uncertainty. Rest assured, they won’t let up once the coronavirus has run its course. While information technology directors are focusing their attention on processing huge volumes of Small Business Administration loans and assisting bankers working remotely for the first time, computer virus and malware threats continue to rise. If not handled effectively, this could threaten the security of the financial system.

Returning to (More Normal) Work

May 6, 2020

Businesses leaders across the nation have begun to have the conversation about returning to work. For BankOnIT, business has not slowed and work continued, but safety and well-being were a top priority.

BankOnIT provides IT technology ranging from internet services and network hosting to continuous security. Designed exclusively for the banking industry, nearly 200 people work to provide 24/7/365 support of the systems and client bankers that utilize BankOnIT’s services.   

De -Risk Your IT Services Supply Chain - 7 Keys

April 29, 2020

Stories of surprising supply-chain vulnerabilities exposed by the COVID-19 pandemic are becoming all too familiar. First it was medical supplies – equipment, PPE and swabs. Then it was pharmaceuticals.    

Less well known are supply-chain vulnerabilities that are hidden from view. Unseen suppliers behind a visible firm are a critical link that can break the chain.

Exposure to supply-chain disruptions for financial institutions is different, but very real. For FI leaders, it’s their services supply chain that demands attention.

FBI Warns of Increase in COVID-19 Related Cybersecurity Attacks

April 9, 2020

The Federal Bureau of Investigation (FBI) issued an alert this week regarding Business Email Compromise (BEC) attacks. Opportunistic cyber attackers are using the disruption surrounding COVID-19 to perform these and other types of attacks. 

Work From Home - Bring Your A-Game to the Next Web Conference

April 7, 2020

BankOnIT’s client financial institutions from Vermont to California have 15 times more bankers with remote-working capabilities than a month ago. Most of that happened one week in mid-March when we had a hockey-stick spike in requests for work-from-home (WFH) capabilities. 

One of the things we do is help make those remote-working connections seamless and secure, specifically meeting financial-institution needs.  

Information Technology for Directors Q2 2020

April 2, 2020

Plan for COVID-20, 21, 22…

Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, stated about COVID-19, “I know we’ll be successful in putting this down now, but we really need to be prepared for another cycle.” Fauci cautioned that Americans need to be prepared for the possibility that COVID-19 could become a seasonal disease.

Consider needs your institution will have for future cycles of this virus.  



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