Bank Strategy Briefing: Four Data Security Tips For Community Banks

Banks across the asset-size spectrum have increasingly transitioned product delivery to remote channels during the 2019 novel coronavirus (COVID-19) pandemic. These channels, while presenting new opportunities to serve communities in unprecedented times, create greater reliance on technology, increasing exposure to malicious cyberattacks and other security breaches.

Often, a large component of a community bank's IT infrastructure is outsourced as smaller banks often do not have the internal IT resources to implement an enterprise-wide security effort. Attackers know this and may target smaller institutions on the assumption that they have more vulnerabilities than large banks.