Why Cybercrime is on the Rise — with James Anderson and Robert Johnston
Amidst the staggering number of cyberattacks occurring annually, bolstering cybersecurity in community banks is crucial. According to Robert Johnston, CEO of Adlumin Inc., while the allure of cutting-edge cyber protections is strong, it’s vital not to overlook the fundamentals. By mastering the basics, approximately 85% of threats can be mitigated, reducing potential risks significantly.
Navigating the complex task of maintaining robust cybersecurity can be overwhelming. However, teaming up with a fintech company can alleviate some of the burdens, providing added security and assurance for both the bank and its customers.
In a conversation with host Charles Potts, Johnston and James Anderson, VP and information technology manager at Kitsap Bank, delve into the key cyber threats that community banks should be vigilant against and strategies to prevent and address these threats.
“If you get the blocking and tackling done correctly, 85% of threats you can take off the table,” he says. “Get that right and you will save yourself a lot of pain from just brilliance in the basics.”
The Independent Banker podcast, sponsored by FIS, features this episode sponsored by Adlumin Inc. The October edition of Independent Banker highlights essential insights on current cybersecurity practices. Collaborating with a fintech can optimize a community bank’s cybersecurity operations, with ICBA’s ThinkTECH Accelerator serving as a valuable starting point.