BankInfoSecurity.com Establishes Advisory BoardKnowing whatâ€™s important to banking professionals is key to providing the information and news coverage needed in the financial services industry. Having a â€œfinger on the pulseâ€ is the best way to describe the formation of BankInfoSecurity.comâ€™s inaugural Advisory Board.
The new members of BankInfoSecurity.comâ€™s Advisory Board are from every region of the country, and represent a wide range of asset sizes of national banks, community banks and savings and loan institutions. â€œKnowing what your peers are thinking, and how theyâ€™re approaching a certain issue helps you find what works at your bank,â€ said Linda McGlasson, Managing Editor of BankInfoSecurity.com.
In its first meeting, the nine board members talked about some of the issues on every bankerâ€™s mind. â€œWhat did the examiner look for during the last exam?â€ and â€œWhat are some of the top information security issues facing your institution?â€ brought forward some illuminating answers. The Board will add value by evaluating topics and will help the team at BankInfoSecurity.com pinpoint the most important issues facing banks today.
One thing is certain, the increased drum beat of regulatory compliance is only getting louder, and the need to protect consumer private information are topping most institutionâ€™s lists of top priority action items, especially in light of increasing data breaches, such as the 46+ million accounts hacked from TJX. (This now, according to reports from the industry has an estimated total cumulative cost of more than $1 billion.)
The BankInfoSecurity.com Advisory Board will meet quarterly, and members will serve for a period of one year. Click to see the BankInfoSecurity.comâ€™s new Board of Advisors.