August 5, 2018
“Cyber threats against internal systems and data integrity are becoming one of the primary concerns facing the financial industry today,” said Chip Clements, Executive Vice President at Forcht Bank. “We’re honored to work with the Department of Homeland Security on finding ways to identify and mitigate cyber threats. This partnership will allow Forcht Bank to be on the cutting edge of cyber security - which ultimately protects our clients’ personal and financial data.”
Once cyber threats are identified through the CART program, DHS will work to find solutions to effectively mitigate the threat and determine if the solution can be rolled out to all financial institutions and organizations. Other financial institutions participating in the CART program are American Express, Bank of America, Wells Fargo, and more.
Founded by Terry Forcht, one of Kentucky’s leading entrepreneurs, Forcht Bank operates 25 banking centers in 12 counties including Fayette, Jefferson, Boone, Grant, Madison, Taylor, Pulaski, Laurel, Whitley, Knox, McCreary and Green counties. It has total assets of approximately $1 billion.