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Community banker Tom Long, executive vice president at Peoples Trust Co (Linton, Indiana) has kept a cautious eye on regulators' increased focus on information technology security risk. The bank has nearly $120 million in assets, 7 branches, a wide area network, T1 lines connecting each branch, and no IT staff. It was no comfort to Long knowing that thousands of bankers across the nation were in the same boat. Today when examiners arrive at your bank, they will review your efforts related to core processing systems, internal networks, electronic banking products, connectivity to external networks, the location of sensitive information, and other technology components. There was simply no way a bank the size of Peoples Trust Had the resources to respond to all this, said Long.
