Concerns about cybersecurity are overtaking those about physical security in the banking sector, although perhaps most front-burner have been issues that cross over into both realms.
While the federal Bank Protection Act long has required banks to designate a chief physical security officer, it’s only in recent years that chief information security officers have become more ubiquitous, says Doug Johnson, senior vice president, payments and cybersecurity policy for the American Bankers Association (ABA).