Pub. 10 2020-2021 Issue 4

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S — H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S November • December 2020 17 K eeping your financial institution safe is critical to your success. Without the right security measures and pro - cedures in place, your financial institution can be at risk of cyberattacks, embezzlement and more. In uncertain times when employees may be working re - motely and processes and procedures have changed dramati - cally, your financial institution’s security is even more import - ant to ensure your business and employees are kept safe. Cybersecurity is Key Financial institutions and other businesses that hold people’s sensitive information are prime targets for cyber - criminals. Having a proactive approach to cybersecurity is a great way to ensure your customers’ and employees’ data remains safe. “Technology has helped create enhancements for regulato- ry compliance and fraud prevention, although it seems as we get more sophisticated with fraud prevention, those trying to commit fraud get more sophisticated as well.” - Mark Daigle, President and CEO, First National Bank of Durango Of course, creating a proactive approach can be a challenge. This is a team effort and everyone in your financial institution needs to play a vital role in keeping information safe. There are best practices in two areas that you can start with today to increase your organization’s proactivity: email and internet, and physical devices. Email and Internet Best Practices Email and the internet are a key piece of how financial in - stitutions operate and communicate. Four ideas to help make these areas more secure from cy - bersecurity threats: 1. Think Before Clicking Investigate email links before clicking it. Once a link has been clicked, there’s no going back — malicious software can now be installed on your computer. Don’t click links unless you know and trust the source and are certain of where links are sending you. If you are unsure about a link, contact the sender before clicking or send it to your financial institution’s IT help desk to investigate. Protecting Your Bank in a Time of Uncertainty BY RICH MCRAE AND JUDY FARMER, EIDE BAILLY R continued on the next page