Cybersecurity more than just a line item for small community banks in R.I.

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TWO-PRONGED APPROACH: Greg ­Germanowski, vice president and information security officer at Centreville Bank, said when it comes to cybersecurity, the bank relies on external partners for back-end systems and digital platforms, while maintaining internal oversight.
PBN PHOTO/­MICHAEL SALERNO
TWO-PRONGED APPROACH: Greg ­Germanowski, vice president and information security officer at Centreville Bank, said when it comes to cybersecurity, the bank relies on external partners for back-end systems and digital platforms, while maintaining internal oversight.
PBN PHOTO/­MICHAEL SALERNO

For Rhode Island’s banks, cybersecurity is no longer just a back-office function or a line item on a spreadsheet – it’s core to the business. Across the state, community and regional institutions are investing heavily to keep pace with increasingly sophisticated threats. Smaller banks spend between 11% and 15.5% of payroll on regulatory compliance, compared

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