Matt Gunn, Managing Editor | TechComply
Another week in the books means another opportunity to revisit some of the top banking and technology news of the past several days. In this week’s recap, Microsoft brings back the Start button with its Windows 8.1 update, experts discuss the importance of IT monitoring and patching, researchers discuss mobile banking usage at the nation’s largest financial institutions and more.
Kicking off with some positive news, Bank Systems & Technology reports the number of failing banks is subsiding after several rocky years through the recent financial crisis. As of this month, the number of financial institutions that called it quits has dropped to 22 from about 43 last year and 51 in 2011.
Atlanta Journal-Constitution: Microsoft Releasing Windows 8.1, a Year in the Making
The long-awaited return of the Start button is upon us. Earlier this week, Microsoft released Windows 8.1, which takes a couple steps back in order to move the operating system forward. The Atlanta Journal-Constitution takes a dive into the new and old features of the new update. We’ve covered Windows extensively in recent weeks. With Windows XP going out of support next April, the FFIEC has advised financial institutions still on the old operating system to do a risk assessment and consider next steps.
Bring your own device (aka BYOD) has been a hot topic both in the financial services industry and beyond for the last several years, as new connected technology such as smartphones and tablets has encouraged more employees to do more work on their own machines. This essay in USA Today by one of the heads of the Global Security Forum takes a look at the elements of sound policy for those institutions who have begun to allow employees to choose what devices they use.
Dark Reading: Rejiggering IT Security Budgets for Better Perimeter and Systems Control
Achieving network security isn’t an option that simply comes and goes when the money’s there. And it’s not unusual for IT professionals to have a big wishlist, but making do with whatever they’ve got. This piece in Dark Reading is a reminder that, while there’s always some fancy new technology out there promising to future-proof an institution’s network security, it’s the foundational elements that are often overlooked. That is, good old fashioned network monitoring and management, firewall rules management and patching can too easily be overlooked.
Taking a look a a pair of the biggest banks in the country, Bank Innovation reports that mobile banking usage continues to rise at an astonishing pace. As more people get more mobile technology in their hands, these on-the-go services has fast become de riguere for top financial institutions. And an expectation for banking customers.