You have just returned home from an amazing vacation. You were gone for months. And you walk into your house and discover that everything you own is gone. Vanished. Stolen by burglars who found out you were away. Too late to do anything but hope your insurance covers the loss. Oh…and install that alarm system so that it doesn’t happen ever again.
Now imagine that happening to your financial institution.
257 days. More than eight months. That’s the average time it takes to identify, contain, and eradicate a data breach.* You’re not worried though. Hackers only go after big fish, right? I mean, that’s where all the valuable stuff is, yeah? Nope. Hackers look for easy targets. Community and regional banks and credit unions, much like small and mid-size businesses, fit the definition of an easy target. They often struggle to find the people and technology needed to defend themselves and their clients from hackers. And the hackers have actively taken advantage. More than 60% of all data breaches in 2016 were at small companies, including financial institutions. And it cost them an average of more than $1.8 million in remediation, legal fees and lost business. Ouch.
Install safeguards to protect your business, your data and your reputation. Now. It’s too costly when some foreign entity snakes his way into your financial systems, databases and file servers. Your business insurance isn’t likely to cover your losses and you may very well find yourself with a damaged reputation and fewer clients.
You want, when you consider an information security monitoring and alerting service, a company that has years of experience and expertise focused solely on institutions just like yours. You want talented security analysts available twenty-four hours a day, every day of the year. You want to avoid the need to buy expensive and complex hardware and software. You want someone who can monitor your ever growing information technology infrastructure; networks, virtual machines, cloud services, servers, applications and more. And you want to be able to meet the FFIEC regulatory compliance standards that you are mandated to maintain.
Matrix Integration, for all of those reasons and more, has partnered with Infotex to help our bank and credit union clients avoid “coming home to an empty house”. Infotex is a long time Indiana Bankers Association partner serving institutions like yours throughout Indiana. They offer services designed to fit your needs and your budget. Give us a call and together we’ll help you protect you and your clients’ assets.
Matrix Integration specializes in information technology solutions for financial institutions including IT consulting, security, communications, networking, implementation, wireless, data centers, managed services, remote monitoring and disaster recovery.
* Source: IBM and the Ponemon Institute