Independent Banker - July 2017 - 64

Nuts & Bolts
CYBERSECURITY WORLD
In through the back door
Like most other enterprises, community banks are looking more carefully at the
potential security risks coming from their third-party service providers, with the
knowledge that vulnerabilities could be exploited through a number of vendors.
By Karen Epper Hoff man
I
t has been nearly four years
since a major data breach at
Target Corp. captured the
world's attention-not just
because the incident was so
high-profi le and the impact so widespread,
but because it shined a bright
light on a little-discussed way in:
third-party vendors.
When pressed, spokespeople
from the major retailer admitted
that cybercriminals wormed their
way into Target's payment system
through a refrigeration, heating and
air-conditioning subcontractor. This
and similar attacks initiated through
third parties highlight how hackers
can view a company's reliance on its
vendors as a weakness to exploit.
Community banks, too, rely on
dozens of third parties across their
various business lines and channels.
They also often lack the deep pockets
to thoroughly vet all these outsourced
providers. Just as in the Target case,
this creates a large hole that criminals
can take advantage of.
" Cybercriminals will target community
banks through whatever
method they can, " says Thomas
L. Frale Jr., director for business
development at RLR Management
Consulting Inc. " We've had clients
that reported incidents of criminals
64 ICBA IndependentBanker July 2017
stealing a retail or commercial
customer's identity and trying to
perpetrate fraud and money theft via
that method. Whether they can get
at a bank through identity theft or a
third-party relationship, they are consistently
refi ning their attacks. "
Trend watch
Eric Olson, vice president of intelligence
operations at LookingGlass
Cyber Solutions, a threat intelligence
company that works in various sectors,
says concerns with third-party
providers are exacerbated by a couple
of growing trends: namely, the transition
of bank networks and data to the

Independent Banker - July 2017

Table of Contents for the Digital Edition of Independent Banker - July 2017

Table of Contents
Independent Banker - July 2017 - Intro
Independent Banker - July 2017 - Cover1
Independent Banker - July 2017 - Cover2
Independent Banker - July 2017 - Table of Contents
Independent Banker - July 2017 - 2
Independent Banker - July 2017 - 3
Independent Banker - July 2017 - 4
Independent Banker - July 2017 - 5
Independent Banker - July 2017 - 6
Independent Banker - July 2017 - 7
Independent Banker - July 2017 - 8
Independent Banker - July 2017 - 9
Independent Banker - July 2017 - 10
Independent Banker - July 2017 - 11
Independent Banker - July 2017 - 12
Independent Banker - July 2017 - 13
Independent Banker - July 2017 - 14
Independent Banker - July 2017 - 15
Independent Banker - July 2017 - 16
Independent Banker - July 2017 - 17
Independent Banker - July 2017 - 18
Independent Banker - July 2017 - 19
Independent Banker - July 2017 - 20
Independent Banker - July 2017 - 21
Independent Banker - July 2017 - 22
Independent Banker - July 2017 - 23
Independent Banker - July 2017 - 24
Independent Banker - July 2017 - 25
Independent Banker - July 2017 - 26
Independent Banker - July 2017 - 27
Independent Banker - July 2017 - 28
Independent Banker - July 2017 - 29
Independent Banker - July 2017 - 30
Independent Banker - July 2017 - 31
Independent Banker - July 2017 - 32
Independent Banker - July 2017 - 33
Independent Banker - July 2017 - 34
Independent Banker - July 2017 - 35
Independent Banker - July 2017 - 36
Independent Banker - July 2017 - 37
Independent Banker - July 2017 - 38
Independent Banker - July 2017 - 39
Independent Banker - July 2017 - 40
Independent Banker - July 2017 - 41
Independent Banker - July 2017 - 42
Independent Banker - July 2017 - 43
Independent Banker - July 2017 - 44
Independent Banker - July 2017 - 45
Independent Banker - July 2017 - 46
Independent Banker - July 2017 - 47
Independent Banker - July 2017 - 48
Independent Banker - July 2017 - 49
Independent Banker - July 2017 - 50
Independent Banker - July 2017 - 51
Independent Banker - July 2017 - 52
Independent Banker - July 2017 - 53
Independent Banker - July 2017 - 54
Independent Banker - July 2017 - 55
Independent Banker - July 2017 - 56
Independent Banker - July 2017 - 57
Independent Banker - July 2017 - 58
Independent Banker - July 2017 - 59
Independent Banker - July 2017 - 60
Independent Banker - July 2017 - 61
Independent Banker - July 2017 - 62
Independent Banker - July 2017 - 63
Independent Banker - July 2017 - 64
Independent Banker - July 2017 - 65
Independent Banker - July 2017 - 66
Independent Banker - July 2017 - 67
Independent Banker - July 2017 - 68
Independent Banker - July 2017 - 69
Independent Banker - July 2017 - 70
Independent Banker - July 2017 - 71
Independent Banker - July 2017 - 72
Independent Banker - July 2017 - Cover3
Independent Banker - July 2017 - Cover4
https://www.nxtbook.com/mspc/independentbanker/october2024
https://www.nxtbook.com/mspc/independentbanker/september2024
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com