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Financial Institution Data Security Protection

By |2021-08-26T03:37:40+00:00November 8th, 2020|Blog, Financial, Industry|

Financial institutions are top targets for security breaches. While the media often reminds us of high-profile network leaks, financial institutions of all sizes are at risk. Because the unintentional release of sensitive customer information is a larger risk than ever, it is essential that you be prepared to react efficiently and effectively in the event of a breach. In order to prepare for breaches in security, financial institutions must tighten their data security controls and plan for a potentially significant financial blow should these controls be insufficient. With continual threats of viruses, hackers and unauthorized use of sensitive information, your institution must respond by preventing, detecting and responding to cyber attacks through a well-orchestrated cyber security program.

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Disaster Readiness Planning for Financial Institutions

By |2021-08-26T03:40:05+00:00September 14th, 2020|Blog, Commercial Insurance, Financial|

In times of crisis, people need reassurance that their money is safe and easily accessible. As a financial institution, countless people and businesses rely on you every day for your services. Maintaining your daily operations is vital to your organization, which means that unexpected disaster can present a huge threat. To prepare for the unexpected, you should review your disaster readiness plans to help you minimize the impact of any potentially threatening situation.

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Protect Your Institution From Employee Theft

By |2020-11-24T00:22:15+00:00August 30th, 2020|Blog, Financial, Industry|

In a financial institution, employee theft is always a concern and that risk is amplified by the current state of the economy. Normally honest employees may resort to theft if they are facing tremendous financial burdens at home. Employees may also be motivated to steal if they were given extra responsibilities after others were terminated without an increase in compensation. It is important that you recognize this risk so that you can take action to prevent it.

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Disposing of Consumer Report Information

By |2020-11-24T00:22:17+00:00August 30th, 2020|Blog, Financial, Industry|

In an effort to protect the privacy of consumer information and reduce the risk of fraud and identity theft, the federal government created the Disposal Rule. This legislation requires businesses to take appropriate actions to dispose of sensitive information derived from consumer reports to safeguard against identity theft crimes.

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Common Exposures for Financial Institutions

By |2020-11-24T00:55:24+00:00August 5th, 2020|Blog, Financial, Industry|

As a financial institution, your customers trust you with their money. And, whether you provide checking or savings accounts, loans, or cash and wire transfers, there are a number of risks associated with your operations that you may not have considered. The list below provides an overview of common financial intuition exposures, helping you identify potential blind spots in your risk management and insurance programs.

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