Electronic Security: Banking Industry Pain Points and How to Address Them

“Challenging” may be the best term to describe what it’s like to run a successful financial institution these days. There is always a new initiative to develop or an improvement to implement. Among those areas that constantly require fine-tuning and new action items is security, as banks are routinely in attackers’ crosshairs.

BranchServ points out this harsh reality:

• Banks and credit unions are 300 times more likely to be targeted by cybercriminals than the average business.
• Over 1 in 4 attacked FIs have been unable to stop the intrusion.
• 54% of all cyberattacks worldwide occur in the U.S.
• ATM skimming and shimming are on the rise.
• Over 3,000 banks nationwide were robbed in 2018.
• The average cost of a cyberattack on FIs tops $18 million.

With the average American trusting banks more than any other industry, it’s incumbent upon FIs to face these challenges head-on and resolve them.

With “Electronic Security: Banking Industry Pain Points and How to Address Them,” you can. This ebook from BranchServ is packed with practical tips and action items.

In just 10 pages, you’ll discover:

• Four of the most common security “pain points” FIs experience.
• The importance of ongoing firmware maintenance.
• Why IT isn’t the only investment necessary for optimal security protection.
• How managed security services can save you money.
• How to cope with technological obsolescence and keep up with the ‘tech joneses.’
• And much more!