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Cyber Risk and Community Banks

05/23/2018

A Q&A with Brian Schaeffer of OceanFirst Bank N.A.

It’s a given that cyber attackers will target financial institutions but community banks and credit unions may be more vulnerable, with fewer resources to devote to security and the assumption, among perpetrators, that they’re an easier mark. I spoke to Brian Schaeffer, Chief Information Security Officer of OceanFirst Bank, a $7.4 billion asset Bank based in New Jersey, about the current risk landscape for smaller financial institutions and how they can best prepare to face off against these threats.

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