IT GRC Forum

Today’s banks aren’t your “Dads’” bank. Having been around for hundreds of years, banks are a significant part of our everyday lives. Traditionally, banks haven’t been known for their “thought leadership” in technology, but today’s banks have to be cutting edge to compete, and stay secure.

Consumers tend to be oblivious to the various layers of security financial institutions utilize to protect their bank accounts. But having a better understanding of what occurs behind the scenes can help consumers adapt to influential new technologies.

As banking applications evolve, common attacks on banks are becoming correspondingly more sophisticated. Small businesses, municipalities, and moneyed individuals are often targeted for obvious reasons: they have hundreds of thousands of dollars, if not a few million, in the bank, but their security is often no more effective than that of an average American household.