What cybersecurity developments will affect credit unions the most in 2019? In this second of a two-part article, we hear from some more credit union industry professionals who helped assess and predict security expectations for the year.
The threat of cyberattack will continue to be a major concern across all industries, Mike Morris, systems partner, Porter Keadle Moore, LLC, said. "These attacks threaten not only the data and security of both members and organizations, but could also damage the hard won reputation shared by most of today's credit unions." He added, they must take active steps now to develop the necessary protocols for combating and preparing for this issue. Credit unions should revisit and assess their overall risk and level of preparedness, identify potential areas for concern, and then develop risk management practices and security strategies to mitigate these risks.
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