Financial institutions have become increasingly focused on cybersecurity in recent years. And according to Brinknews, hackers favor targeting smaller financial institutions as they possess less robust data security systems and personnel than larger banks.

Regardless of the institution's size, most staff members understand that it is critical to protect customer and member data and are aware of the issues that could arise if a breach occurs. However, at small banks and credit unions, many employees have not received sufficient training to detect, prevent or respond to an incident.

The Current State of Incident Response

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.