The Small Bank Security Leadership Shortage
- Date:March 14, 2019
- Author(s):
- Sean Sposito
- Test
- Report Details: 6 pages, 3 graphics
- Research Topic(s):
- Cybersecurity
- Fraud & Security
- PAID CONTENT
Overview
When questioned about their top priorities, security professionals inside small banks and credit unions often cite, protecting their retail banking clients. But when compared to their larger peers, they are generally less prepared to do so. At least not without help from outsiders.
Financial institutions with less than $20 billion in deposits typically have less information security leadership than their larger peers. Their teams are most likely IT-driven. And, because of a lack of resources, they are hyper-focused on keeping up with the requirements of regulators.
Methodology
Data in this report is based on information collected in a random-sample panel of 800 information technology security decision-makers, 200 of whom work in financial services. For questions answered by all 800 survey respondents, the maximum margin of sampling error is ±3.46 percentage points at the 95% confidence level. For questions answered by all 200 financial services respondents, the maximum margin of sampling error is ±6.93 percentage points at the 95% confidence level. The maximum margin of sampling error is higher for questions answered by segments of respondents.
Book a Meeting with the Author
Related content
2026 Business-to-Business Identity Protection Services Vendor Scorecard: Platform Integration and Scam-Loss Coverage Set the New Bar for B2B Identity Protection
Business-to-business identity protection is moving beyond conventional monitoring toward embedded, household-wide financial safety and cybersecurity. Javelin’s inaugural B2B identi...
Card Account Updaters and Digital Wallets: The Hidden Cyber Advantage for Crime
Infostealers are changing the rules of payments card risk. Replacing a compromised card may be an immediate fix, but it does not cut off access to compromised merchant accounts and...
States of Uncertainty: How Cyber-Threat Intel Reduces Digital Transactional Risk
Digital identity standards, privacy laws, and verification tools vary across states, so financial institutions have gaps that cybercriminals are quick to exploit. Leading organizat...
Make informed decisions in a digital financial world