In the year that saw social media engineering, massive data breaches, and a run-away ransomware problem, it’s no surprise to learn that American banks did not fare well either. “Bank-specific attacks surged: Attacks in which phony mobile accounts were created rose 45% from the third quarter of 2016, and have grown 240% from 2015.” – from this article A growing commitment to security is likely to influence community banking spending habits in the near future. Certainly many will take notice of Equifax’s $3.2B loss of market cap as of Nov 2017. Look for innovative security thinking like zero-trust security models to make significant inroads in the near future.
11.20.17 by Lance Johnson