Banks are looking to manage “vulnerabilities” to proactively protect themselves from cyber-attacks, according to the American Banker. “Instead of looking to build a fortress, banks are seeking a bigger grasp of the threats they face and developing strategies that go beyond pure defense.”

Small banks have limited resources to address cybersecurity, but more are turning to advisers and auditors to develop strategies that can keep them safe and compliant.

Source: The Secret Weapon in Banks’ Cyber Defenses | American Banker