September 2016

Western Independent Bankers Chooses Virtual StrongBox for Ultra Secure Data Storage and File-Exchange Services for Member Communications

2016-11-01T11:29:44+00:00September 29th, 2016|

Contact: MJB Public Relations Group • (866) 714-7041 • margaret@mjbpr.com
FOR IMMEDIATE RELEASE

Popular secure service channel offers ultra-safe alternative to legacy bank data security

Charlotte, N.C. and San Francisco, Calif. (Sept. 29, 2016)

Western Independent Bankers (WIB), a trade association serving more than 140 community banks, announced today that it has selected Virtual StrongBox, Inc., known for its secure document storage and file exchange.

WIB chose Virtual StrongBox’s cloud-based, secure data system because of its infrastructure, flexibility and proven ability to meet high-level security and data-protection needs.

Using Virtual StrongBox’s patented, protected customer engagement platform will provide WIB the strong security to meet […]

Time For Reinforcements Against Cyber Attacks

2016-11-01T11:29:44+00:00September 24th, 2016|

By Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
http://www.cutoday.info/THE-tude/Time-For-Reinforcements-Against-Cyber-Attacks

Today, anyone with an Internet connection (and that’s pretty much everyone) is worried about identity theft, hackers and ransomware, and with good reason. Following a Reuters report in May, the Federal Reserve announced it had detected more than 50 breaches of its computer systems from 2011 and 2015, while denying that any critical operations were affected.

Meanwhile, the Fed issued more guidance on assuring adequate levels of security at financial institutions. And more recently, the OIG said it is auditing current exam processes to see if they accurately assess whether institutions are meeting those […]

Virtual StrongBox Chooses TeraGo’s Premier Cloud Services to Host Its Patented Secure Data Storage and File-Exchange Services in Canada

2016-11-01T11:29:44+00:00September 21st, 2016|

Contact: MJB Public Relations Group • (866) 714-7041 • margaret@mjbpr.com
FOR IMMEDIATE RELEASE

Charlotte, N.C. and Thornhill, Ont. (Sept. 21, 2016)

Virtual StrongBox, Inc., whose secure file-capture and end-to-end encryption technology has made it a leader in enterprise data security, announces it is expanding its North American footprint to Canada.

Virtual StrongBox has chosen TeraGo’s cloud-based, secure data centers for its infrastructure, flexibility and the company’s ability to meet security and data protection needs. TeraGo is an award-winning firm that provides businesses across Canada and globally with cloud solutions, network and voice services, data center services and enterprise infrastructure.

The new facility […]

Can You Square Up Legacy Systems With A Mobile-First Strategy?

2016-11-01T11:29:46+00:00September 14th, 2016|

By Ron Daly, President/CEO
Virtual StrongBox, Inc.

No. 1 on my list of overused, misunderstood phrases is “mobile first.” Google it and you’ll likely see: Mobile first means …

  1. “smartphones, tablets and task-specific apps employees use as work tools.”
  2. “a customer who manages his bank account on a mobile app instead of online or the branch.”
  3. “millennials, who do everything on their phones.”
  4. “advice for marketers to rethink their ‘customer experience’ and remap their ‘customer journey.’ ”

One prominent bank core-processor’s definition of mobile first is depressing: “It’s consumers who prefer to bank only on their mobile devices, or turn to the mobile channel […]

Banking Services: When “Nice” Becomes “Necessity”

2016-11-01T11:29:46+00:00September 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cuinsight.com/financial-services-nice-becomes-necessity.html

Wouldn’t it be great to have a steady supply of Godiva chocolates anytime you want? How about Dom Perignon? Even better, season tickets to all your favorite teams’ games? Nice, but hardly necessities.

When banks first offered “convenience” services, like remote deposit and electronic bill payment, they were seen as “nice to have” for customers but not something a bank really had to offer. That’s changed. Retailers and service providers are expected to offer easy-to-use apps that consumers can access on their own tech devices anytime they want. In fact, 90% of the time Americans […]

How Your Credit Union Can Help the Examiners: Shorten Their Stay

2016-11-01T11:29:46+00:00September 6th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.

To many people outside the industry, “bank examiner” conjures up Carter, the no-nonsense examiner in “It’s a “Wonderful Life”, who chooses Christmas Eve to examine George Bailey’s Building & Loan books. To say the least, it was bad timing. But it turns out Carter was a pretty good guy, even making his own donation to keep the co-op afloat after a series of mishaps.

The examiners I worked with in my “first” career, as a CFO, were good people, too; most just want to do a good job – be thorough, but efficient. Still, no matter when they […]