Blog Post List

What is encryption and why should your bank use it?

More than just a nuisance, ransomware has become a legitimate threat to business operations and continuity.

The FFIEC eerily foreshadowed the meteoric rise of ransomware in November, 2015. In the first three months of 2016 alone, the FBI estimates that cyber criminals have collected over $209 million from businesses, hospitals, and other institutions. If that rate continues, ransomware is on track to become a billion-dollar criminal enterprise. Moreover, that figure only represents reported losses and does not include unreported incidents or tangential costs such as system downtime, reputational damage and remediation efforts. The true magnitude is likely much larger.

Mobile apps are no longer just for streaming media, playing games and social media. Almost any company that engages with consumers needs a mobile app. Like other important IT vendor engagements, the RFP, scoping and contracting process for developing and operating a mobile app, whether it is a wholly custom application or a white label software-as-a-service solution, is crucial to establish the schedule and deliverables, the parties’ responsibilities, dependencies, who owns and can do what with the IP and data, how risk is apportioned and the company’s rights and remedies if the relationship sours or ends