Cybersecurity remains a top concern for credit unions in the digital age – the recent Equifax data breach underscores the necessity of preparedness should a security threat arise. There's really no excuse for a credit union to be without a plan should a hack occur.

Incident response is a two-fold process: Preparation and response. If your credit union gets hacked, there are several things you need to do:

1. Get the right people together to make sound decisions. Smaller credit unions without a technical person on staff should contact their forensic investigator immediately. Involving the experts as quickly as possible is crucial, and you must assemble your response team before contacting members.

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.