What If a Cyber Attack Caused a Bank Failure?

With just one bank failure in 2019 and none in 2018, it’s easy to think that banks and credit unions across the industry are once again in a strong financial position and thus unlikely to fail. Yet there are more than just financial threats to industry stability. The FDIC is actively considering how it would

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3 Elements of a Vendor Cyber Monitoring Program

Growing cyber threats have made real-time monitoring of vendors an increasingly important element of a vendor management program. I sat down with Sam Lisker, ABA’s senior vice president of innovation in the office of member engagement, at the 2019 ABA Risk Management Conference in Austin, to talk about this evolving technology and how it can

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Frequently Asked Questions About Cyber Monitoring

Vendor cybersecurity monitoring provides real-time data on vendors’ cybersecurity by collecting and assessing publicly available information. It detects threats and vulnerabilities before they are exploited so that action can be taken to prevent breaches. Cybersecurity ratings can: Uncover and address cybersecurity issues that need to be resolved before they are exploited. Identify third-party vendors that

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