Data Security vs. Physical Security for Financial Institutions

Man sitting at a computer with his hood pulled over his head possibly hacking into another computer system.

With headlines reoccurring highlighting the issues of cybersecurity breaches and physical security updates, it can raise concern that your financial institution may not be utilizing the most up-do-date security.

With headlines reoccurring highlighting the issues of cybersecurity breaches and physical security updates, it can raise concern that your financial institution may not be utilizing the most up-do-date security. Technology changes rapidly and therefore branch managers need to be aware of improvements to make decisions reflecting any needed security. There are numerous methods to ensure your institution is customized and secure, including data and physical security.

Data Security for the Financial Institutions

Security cameras, keycards and additional devices protect the most important aspects of a financial institution including ATMs, vaults and teller areas. Access controls are a simple security measure that can be installed, and key cards given to specific personnel which protect areas of an institution. The janitor does not necessarily need access to the server room after hours, while a contractor may need access for only a certain window of time. If there is not a need for a person to visit an area of the institution, then the key cards can reflect those decisions. Digital and network recorders, security cameras and monitors provide real-time on location monitoring. These recorders offer protection for not only the institution’s data, but also to staff within your institution. Updates to these systems are crucial to safeguard cybersecurity hacks and protect information housed within your bank, credit union or office space as technological advances occur. Updated cybersecurity systems even provide defense within snowstorms and extreme weather conditions, such as much of the United States has recently experienced with the shifting polar vortex.

Physical Security for Financial Institutions

With cybersecurity making headlines almost weekly, it can be easy to overlook the physical security component. However, ATM thefts and robberies are still present and becoming increasingly difficult to monitor as thieves get wiser. Utilizing proper equipment can protect your ATM from the outside while under-counter steel equipment and safes can safeguard your institution from the inside, still while delivering information to and from the customer with ease. An institutions risk assessment can be gauged and mitigated to protect your institution’s vulnerabilities by installing physical security components. This is especially true of retail branches which can utilize anti-skimming devices at ATMs, security monitoring and cameras positioned correctly.

Solutions for Data and Physical Security Protection for Your Financial Institution

At Ellsworth Systems, we are experts in the realm of security. Our guiding principles are to ensure your institution is efficient, secure and met with innovative technology. Why not reach out today to see how we can ensure your risks are mitigated?