Content area

Abstract

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.

Details

1007133
Company / organization
Title
IT risk: A new challenge for community banks
Publication title
Bank News; Minneapolis
Volume
104
Issue
1
Pages
26-27
Number of pages
2
Publication year
2004
Publication date
Jan 2004
Section
Feature story
Publisher
NFR Communications Inc
Place of publication
Minneapolis
Country of publication
United States
ISSN
00055123
Source type
Trade Journal
Language of publication
English
Document type
Feature
ProQuest document ID
205929903
Document URL
https://www.proquest.com/trade-journals/risk-new-challenge-community-banks/docview/205929903/se-2?accountid=208611
Copyright
Copyright Bank News, Inc. Jan 2004
Last updated
2024-11-25
Database
ProQuest One Academic