Community banks face increasing challenges when it comes to cybersecurity.
Regulators are applying more stringent rules on data security. Banks are targeted by cybercriminals for the valuable assets they hold and handle. While budgets are being pinched and banks’ IT resources are stretched.
Unlike large financial institutions, community banks do not have teams of security professionals or vast resources to dedicate to cybersecurity. Yet they still need to be secure for the customers which turn to them for personal service and assurance.
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