A video case study from the Sterling, Va.-based cyberthreat intelligence provider SurfWatch Labs explained how the $2.1 billion, Fairfax, Va.-based Apple Federal Credit Union proactively addresses trending cyberrisks to protect sensitive member information.
Apple, which has 180,000 members and 22 branch offices, said it strives to protect both sensitive member and organizational information.
“I've always said cybersecurity is not just a technical mission, it's a behavioral mission in a technical venue,” Apple Director of Cybersecurity Larry Larsen said in the video. “It's not enough to know what the bad guys are going after and what tools they are using; I want to know why they're doing it and why they have they chosen the targets they've chosen. That's where cyberintelligence comes into play.”
Some of the intelligence SurfWatch provides as part of its dark web analytics has allowed the credit union to identify stolen credit card stacks and try to get ahead of fraud that could be committed, Larsen said.
“One of the benefits to the intelligence that we get is that it can be shared with the other organizations within Apple Federal who may also have an interest in that information,” he said. “The analysis products that we get, it's already prepared in such a way that I can distribute it and we can go on to a decision on how to address and respond.”
SurfWatch's Cyber Advisor product combines analytics, products and human expertise to establish cyberthreat intelligence. This solution takes a lifecycle approach that builds out a personalized cyberrisk profile, performs a baseline assessment and continuously monitors the risk profile against relevant, trending threats. Cyber Advisor also delivers best practices to mitigate the risk effectively.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
