Jones Walker LLP released the findings of its 2024 Community and Mid-Size Banks Cybersecurity Survey, examining cybersecurity preparedness in US-based community and mid-size banks. Based on responses from 125 banking executives, including senior risk, technology, and information security leaders, the survey provides a detailed assessment of the current state of cybersecurity awareness, confidence, and preparedness in the banking sector.

This survey is Jones Walker’s fourth on the topic of cybersecurity. Jones Walker partners Andy Lee, Rob Carothers, Jason Loring, Lara Sevener, and Tom Walker authored a comprehensive report outlining the key findings and recommendations on how to assess and test cyber readiness among community and mid-size banks in the United States.

Key findings of the Jones Walker 2024 Community and Mid-Size Banks Cybersecurity Survey include:
• Post-Incident Regulatory Compliance is Slowly Improving, but Prevention and Preparedness are Lacking
• The Lack of Due Diligence Performed on Third-Party Vendors is a Significant Risk
• Banks Are Underutilizing Outside Counsel and Cybersecurity Expertise
• Responsibly Embracing Emerging Technology Delivers Significant Advantages

To download a copy of the survey report, please click here.