Tag Archives: Best Practices

“Our money is safer under the mattress than it is in the community bank!”

We all sort of laughed at my neighbor’s conclusion to the philosophical discussion about current banking cyber crimes. About five of us were tossing around our perceptions of the cyber readiness of financial institutions when Chris decided we should just take all our money out. Of course, we were being a bit fantastical and just having fun with our dramatized cyber doomsday scenarios. And I don’t think Chris was serious about keeping his money under a mattress. 

But the truth is, many banks are struggling to keep up with information security. And the terrifying truth is, a lot of their efforts are trailing behind hackers’ capabilities.  

Things have changed. There was a time in the not-so-distant past when companies and organizations felt confident and secure in communicating via email. As technology developed, many of those entities supplemented their communications by adding text messaging to send quick updates or transmit time sensitive information.

These days, most enterprises know that email comms lack security. And even text messages are subject to phishing attacks. To keep private information private and to remain in compliance and avoid regulatory fines, savvy leaders are looking for more secure solutions.

…and some of them have settled on WhatsApp.