Tom Curry, a partner in Nutter’s Corporate and Transactions Department and a co-leader of the firm’s Banking and Financial Services Group, and Seth Berman, a partner and leader of Nutter’s Privacy and Data Security practice group, addressed cybersecurity concerns for community banks in Nutter Insights. Tom and Seth discussed why community banks should prioritize cybersecurity, the preventative steps that community banks can take against cyber attacks, and how a community bank should respond in the event of a cyber attack. According to Seth and Tom, your preparation for a cyber attack should be modeled after how you plans for a natural disaster. As with natural disasters, cyber attacks cannot always be prevented. Thus all companies need to plan for how they will respond to a breach and must regularly test that plan through realistic simulations.
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