With each passing season, community banks face weather-related hazards for which to prepare. Even though it’s still early in the spring season, the country has already seen severe weather patterns across the country. While the costliest product of a thunderstorm is hail, the most violent storm is a tornado. In the United States alone, severe thunderstorms and tornadoes caused over $10 billion in property damage in 2015, with similar trends continuing in 2016.
As the April 15 tax filing deadline approaches, there has been an uptick in phishing scams targeting consumers along with HR managers.
Ransomware is the latest cyber extortion tool devised to threaten both businesses and individuals. Having affected financial institutions, hospitals and many other types of organizations, ransomware has been featured prominently in the news over the past few years. What is ransomware, and how can banks protect themselves against this formidable risk?
More and more companies, including banks like yours, are receiving demand letters from plaintiffs’ attorneys alleging noncompliance with Title III of the Americans with Disabilities Act (ADA) because people with visual or hearing disabilities aren’t able to access their websites.
Holiday parties are a great chance for employees and other guests to come together, socialize, bond, and reflect on the year’s accomplishments. The primary goal of any party is for guests to enjoy themselves, but careful planning is required to create an environment that ensures safety as well as fun.
Each winter, thanks to accumulations of ice and snow, pedestrians risk slipping and falling on sidewalks or in parking lots. When this happens on a commercial property, the owners can be held accountable and may be required to make monetary reparations to the victims. To help prevent customers from being injured on bank property and potentially filing a lawsuit, certain precautions and practical efforts can be taken to maintain property upkeep.
While fall brings a slight chill in the air, cyber security initiatives are heating up! Throughout October, many businesses recognize National Cyber Security Awareness Month by enhancing their policies and procedures. To help banks in this process, we are zeroing in on a costly threat: wire transfer fraud. Recently, there's been a spike in wire fraud losses involving the hijacking of customers' phone lines. This article details how these real-world situations occurred and offers risk management tips.
In late July, the U.S. learned that the Zika virus is being transmitted by mosquitos in Southern Florida. The most alarming fact about these pesky insects – formally known as the “Aedes aegypti” mosquito – is that they’ve transmitted viruses such as yellow fever throughout the Gulf Coast for centuries. With mosquito season in full swing, there is no better time than the present for banks to prepare for Zika.
Designed to automate the cash-handling process, cash recycling is a banking technology trend on the rise. Cash recycler machines (CRM) are beginning to make their way into commercial banks across the country.