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A Credit Union Cyberattack Defense Manual

An effective security program has four pieces: People, process, technology and culture. Find out how to build one for your shop.

By Vijay Basani | Updated on February 11, 2015
Vijay BasaniWith the ever increasing risks that are associated with cyberattacks, companies across industries are realizing the importance of having a cybersecurity team. Companies also need a well thought out security program that can proactively detect potential weak links, identify abnormal activity as quickly as possible, provide necessary tools to identify the root cause and remediate the issue in a timely manner before hackers exploit them.

Cyber criminals are becoming more sophisticated, and they are able to hack into the biggest financial institutions across the globe, like JP Morgan Chase and HSBC. Credit unions and those in the financial industry especially need not only have a solid documented cybersecurity program and incident response plan in place, but need to make sure that it is implemented, continuously monitored, measured and enforced at all times.

Any small dropping of the guard can result in catastrophic theft of customer financial records, business data and syphoning of a large amount of funds.

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