5 Cybersecurity Myths Banks Should Stop Believing

By Staff Writer

Myth #1: "Cybersecurity is IT's job."

Myth #2: "We don't need to worry--only the big banks are at risk of cyberattacks."

Myth #3: "We can gain a competitive advantage by being good at cybersecurity."

Myth #4: "A national digital identity scheme will emerge to improve cybersecurity efforts."

Myth #5: "We're doing fine as long as we pass our annual exams."

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