Risk
04/16/2020

Cybersecurity Practices for the Board

Several high-profile data breaches in 2019 assured that cybersecurity remains a top concern for bank boards and executive teams. Capital One Financial Corp. and Facebook revealed significant breaches last year – 106 million and over 500 million, respectively – so it’s no wonder that 87% say their anxiety over the issue has increased, according to Bank Director’s 2020 Risk Survey. In response, more than three-quarters of directors and executives say they’ve increased oversight of cybersecurity and data privacy. It’s a thorny issue for banks to manage. This isn’t a typical risk like credit that leverages bank leaders’ expertise and knowledge…

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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.