Hackers when combined with data breaches make a lethal combination for small banks. The recent attack on major Indian banks is a good example of why that should be necessary for banks.
When a major hack or data breach occurs small banks have a lot more to lose than the larger banks. They face a battle for climbing uphill to win back the lost trust of customers. And the component of customer trust is a core value proposition for small and medium sized banks. Moreover, they have a bigger shortcoming at their disposal rather than large financial institutions. Continue reading “Here Are 6 Ways Banks Can Avoid Data Breaches”