article thumbnail

Guest Post: Digital Technology Is Transforming Banks

Security Industry Association

Within the financial and banking sectors, digital transformation has become synonymous with the increasing shift toward mobile and online banking, as well as the widespread adoption of cloud-based services to enhance customer engagement and streamline internal operations.

Banking 52
article thumbnail

The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

While the Bank itself bears the bulk of the responsibility for its own demise, in this article we are going to look at the multiple factors leading to the collapse of Silicon Valley Bank. Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies.

Banking 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

Banking 98
article thumbnail

What Is Reputational Risk For Banks?

LogisManager

What Is Reputational Risk For Banks. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks. What is Reputational Risk Management in Banks? Risk management is an essential piece of any bank’s operations.

Banking 52
article thumbnail

AI in Security and Psychology

Security Industry Association

The COVID-19 pandemic has created a new set of issues concerning technology, data privacy and AI. During the pandemic, people were forced to adjust their work locations and utilize technology that they previously might not have used to perform their jobs.

article thumbnail

IntelligentSIA: 11 Ways to Close Out the Year With SIA

Security Industry Association

Here are the top things you need to know about our latest activities and offerings, upcoming events and opportunities and more. Examine key market drivers and barriers for the banking and financial security vertical, how COVID-19 has impacted the retail banking business and how to win business with banking end users.

Banking 52
article thumbnail

Cybersecurity’s New Superpower: Neurodiversity

FS-ISAC

Cyber threat activity is at an all-time high. With the pandemic and rapid digitization of financial services that has accompanied it, cybersecurity professionals have never been in more demand. Yet we are facing an acute talent shortage; the industry effectively has negative unemployment. Seeing Different Signals in the Noise.

Banking 145