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Cybersecurity Is IT’s Job and Other Myths Banks Should Avoid

Cybersecurity is the IT department’s job. Only big enterprises are at risk. Spend on tools is the best indicator of cybersecurity performance. Passing annual exams is the goal of an FI’s cybersecurity efforts. A digital identity scheme will emerge to improve cybersecurity efforts.

According to Ron Shelvin, Managing Director of Fintech Research at Cornerstone Advisors, these common beliefs about cybersecurity need to change now. Read his full post via Forbes.

Download the white paper Debunking Cybersecurity Myths: What bank and credit union CEOs need to know about managing and measuring cybersecurity for the truth on cybersecurity control effectiveness, cybersecurity investment implications, and cybersecurity impact on risk management here.

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