Remove FDIC Remove Management Remove Montana Remove Regulation
article thumbnail

Does your bank need cyber insurance?

Independent Banker

“Cyber insurance today is what property insurance was 50 years ago,” notes Gregory Montana, chief risk officer at FIS. Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event.

Montana 152
article thumbnail

Bankers Tell Me Their Top Industry Game Changers

Jeff For Banks

I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs. Utah has many Industrial Loan Companies (ILC''s), which are FDIC supervised financial institutions that can be owned by commercial firms not regulated by a federal banking agency, like a utility company.