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Security Breaches Bedevil Small Banks Most of All: Risk assessment is key in determining where...

By Sausner, Rebecca
Publication: US Banker
Date: Saturday, April 1 2006

The most wicked April Fool's Day gag to play on the CEO of a community bank? Claim that a hacker obtained access to the institution's entire customer database, and that the Associated Press is on the phone.

"The worst thing in the world, for me as CEO of a bank, is to have a security breach and have that reach the newspaper," says Ken Parsons Sr., chairman and CEO of Venture Bank of Lacey, WA. "It might not put me out of business, but it would hurt. And if that happened more than once, it would hurt community banking."

As executives at People's Bank, Ameripr

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