The Secret Weapon in Banks’ Cyber Defenses

From: American Banker

By Bryan Yurcan

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But some banks are trying to be more than reactive, completely rethinking how they’re approaching cybersecurity. Instead of looking to build a fortress, banks are seeking a bigger grasp of the threats they face and developing strategies that go beyond pure defense.

Information security in banking “is no longer just about protecting the moat and the castle, it’s knowing what’s going on in the castle and, oh by the way, protecting the customer’s castle, too,” said Jim Ford, president and chief executive of Central Valley Community Bank of Fresno, Calif.

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