Online Fraud & Cybercrime – Are You Safe?
The average cost of cybercrime jumped to $8.9 million in 2012, attacks jumped 42 percent last year, and the OCC identified cyber security as one of the key risks facing banks today. Attend this webinar to learn how to proactively protect your bank and customers.
In 2012, according to an October 2013 study by the Ponemon Institute, the average annual cost of cybercrime jumped 6 percent to $8.9 million. As technology changes rapidly, new avenues are opening up for cybercriminals. Historically, community banks were not on the hacker underground’s “A-List,” but that has changed. Your business customers are an increasingly attractive target as well.
Financial institutions continue to ratchet up information security budgets and improve their systems; however, stronger defenses give rise to more sophisticated and determined attacks. It is vital that we continue to stay one step ahead of these “evil doers” and examine ways to protect not only ourselves, but our banks and our customers.
- Discuss the top trends in online fraud
- Examine the costs and ramifications of online fraud
- Discuss new proposed cybersecurity legislation
- Acquire tools to protect yourself, your bank and your customers
Risk officers, auditors, compliance officers, IT and operations personnel, and anyone interested in cyber security and protecting institution and customer assets.
Mary Kate Cole, AAP, CAE, principal of MK Cole Consulting, has nearly two decades of bank operations experience. Currently, Kate is working with Management HQ as an Account Coordinator and Office Manager. As Vice President of the Upper Midwest ACH Association, she was responsible for member education and problem solving as well as ACH development projects. Kate has been active in several National ACH Association Rules Work Groups over her career. She is a popular speaker at both local and national conferences on electronic payments related topics.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.0 hours/session CRCM
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
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