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Key Takeaways from Cybersecurity Panel at Bank Director Conference

Forvis Mazars was part of a recent panel discussion regarding issues related to cybersecurity, including an emerging technology affecting passwords. 
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Ron Hulshizer, managing director at Forvis Mazars, and Chuck Herrin, chief technology officer at Wib, recently presented at a cybersecurity panel discussion with Naomi Snyder, the editor-in-chief at Bank Director in Chicago. The panel was part of Bank Director’s Bank Audit and Risk Committees Conference.

The panelists covered a number of issues related to cybersecurity, including threats and risks; areas of emphasis that board members should be asking of their banks; the terminology that comes from IT personnel; and cutting through the technobabble, API (Application Programming Interface) security, and other cyber subjects, including passwords.

One emerging technology is coming from Apple this fall. As reported in the Wall Street Journal the same week as the Bank Director conference, “[new technology] will include a way for users to log into various online accounts without entering passwords or relying on password managers to save and fill in credentials. The technology generates unique passkeys for each app or browser-based service in the place of characters. Those passkeys, a new type of identity authentication, prompt a scan of your face or fingerprints to log you in.”

As discussed during the panel, the implications for banking services that will no longer require typed passwords will include increased security for both users and the banks, as well as increased ease of use for bank clients.

If you have any questions or need assistance, please reach out to a professional at Forvis Mazars or submit the Contact Us form below.

Forvis Mazars, LLP ranks among the nation’s top 10 professional services firms. Created by the merger of equals of BKD, LLP and Dixon Hughes Goodman, LLP (DHG), Forvis Mazars is driven by the commitment to use our forward vision to deliver Unmatched Client Experiences™.

Forvis Mazars is built upon the strong legacies of BKD and DHG, which are reflected in a name that represents our unique focus on preparing our clients for what is next. With more than 5,500 dedicated professionals who serve clients in all 50 states, as well as across the globe, Forvis Mazars offers comprehensive assurance, tax, advisory, and wealth management services.

Wib is an API Security leader, and the only company providing a 360° solution for the entire API software development lifecycle. Cybersecurity leaders, including the former CTO of Israel’s National Cyber Directorate, founded Wib to reinvent the world of API Security. Wib is based in Tel Aviv, Israel, with U.S. headquarters in Dallas, Texas, and European headquarters in London.

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