May 13, 2013

Bobby Turnage quoted in Bank Director on how banks can protect themselves from cyber attacks

1 min

In an article on May 9, 2013 in Bank Director, Venable partner Bobby Turnage offered tips to banks on how to protect themselves against cyber attacks.

Turnage said "banks should review current systems, physical facilities and processes for vulnerabilities, and adjust as needed. Some important changes might not be that difficult to implement. Consider hiring an outside specialist for this—someone who knows the latest threats and methods. Review the security practices of your vendors, and review vendor contracts to ensure appropriate representations and warranties (and indemnification) around security."

Turnage also suggested that banks "invest in regular training for employees, including what to look for and what to avoid. The bad guys are constantly changing their methods, and regular training helps address new threats and also keeps security top-of-mind. Bonus Answer: Maintain a top-down emphasis on security. Emphasis must come from the C-suite and not just from the technology department."