Cyber Resiliency - Closing the Gaps in Vendor-Bank Security

• Nov 23, 2019
• By Barbara Sanfilippo

As we approach the next decade, data integrity and cyber security have risen to the top of financial institutions? list of mission-critical initiatives. With instances of government-backed hackers and other unscrupulous individuals seizing and exploiting customer data on the rise, it is crucial to ensure a bank or credit union?s resiliency to cyber-attacks and network intrusions is stronger than ever. Particularly, closing the potential gaps in the interwoven relationships between financial institutions and their third- and fourth-party vendors has emerged as a critical step in this process. At its core, cyber resiliency can be defined as an organization's ability to not only withstand various cyber-attacks and threats, but also its plans and capacity for resuming operations with minima...

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