Wednesday, March 28, 2018

The Digital Banking Security Index

So, if you are a bank or you have a bank account, you are going to want to keep your eyes on these two places for forthcoming announcements:

Twitter:  https://twitter.com/HowSafeIsMyBank
Facebook:  https://www.facebook.com/HowSafeIsMyBank

In a nutshell, the manual checks I used to do on my banks at CIBC and later ScotiaBank have now been automated and now the entire country of Canada has been onboarded.  By checking all the banks with the same tests, and augmenting these tests on a per-bank basis to take into account known vulnerabilities, billboard style charts have been running off for a few months, and now these billboard-style charts are being made public.

In addition, the big four banks in USA, UK and Australia were onboarded to allows us to see where Canadian banks sit when compared to foreign banks.  Charts for those countries are in the works as more banks are onboarded.

The website will be up shortly, which has the full chart each month.  Details to follow soon on social media.