Data privacy continues to be a growing concern for banks and credit unions, especially as more customers use their mobile devices to conduct financial transactions. Now is a good time to review your internet security plan to ensure that your bank or credit union website meets federal regulations and compliance. In this two-part series examining internet security for financial institution websites, we’ll review government standards, rules, and regulations for safeguarding data privacy on your website. This week, we delve into what regulatory bodies say about the topic.
As 2020 comes to a close, now is a good time to assess your bank website security to prepare for cyber threats you can expect in 2021. To strengthen your security protocols, you’ll want to consider how to maintain federal regulatory compliance by using the right tools overseen by experienced people.
You no longer need to be an expert web developer or information technology wizard to create and maintain your bank website. The wide array of web hosting companies and open-source content management systems (CMS) have allowed small businesses to compete with larger competitors in the digital realm. While community banks and credit unions have benefited from these technological advances, financial institutions have very distinct and heavily regulated security concerns to which their websites must adhere.
How can you ensure that your bank website CMS meets and exceeds minimum security standards? Safeguarding your CMS is a two-pronged process between your bank web hosting service and you.
As COVID-19 continues to ravage the world, financial institutions should safeguard their websites and customers from cybercriminals who are using the pandemic to prey on the vulnerable. You can augment the security of your bank website by utilizing a .BANK domain. We’re here to explain .BANK, the advantage of the custom domain, and requirements for hosting your .BANK website.
This is the first of a two-part series covering what you need to address to ensure your website is compliant with federal examiners. In this blog, we’ll focus on data privacy and security and how your web hosting service can help your website meet regulation standards.