When the “bring your own device” trend comes to the bank, measure the risks carefully.

“On the surface, it seems like a no-brainer. Why not let your commercial lender use her own electronic tablet to efficiently enable deals with the bank, especially if the tablet is much more capable than anything the bank provides?

Under the surface, according to security and technology professionals, such a scenario is certainly a no-brainer—but in a brainless sense. Consider the risks stemming from the loss, unauthorized use, and/or viral infection of such devices: compromise of confidential information; litigation; damaged reputation; findings of non-compliance by examiners; and more.”

Read the rest of this article at ABA Banking Journal featuring Safe Systems’ Chief Technology Officer, Curt Frierson, and Director of Compliance, Tom Hinkel.

 

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