News

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Experts are wondering when CUs are going to learn that third-party audits are a necessary component of IT security. See pages 18-19.

With a number of ethical problems hitting Corporate America, Congress is showing that it too has some laundry to clean. See pages 3 and 8.

MADISON, Wis. - Credit unions better be wary of account takeover and hacker break-ins if they want to maintain members' trust. According to Roger Nettie, risk specialist for CUNA Mutual, these are the two biggest information security issues CUNA Mutual is seeing. In the account takeover scenario, someone presents themselves...

SANTA ANA, Calif. - Nancy Powers says credit unions have to find that happy medium between being too secure and giving members what they want online. Powers, VP of IS Operations for the $3.5 billion Orange County Teachers FCU, said if a CU is overly secure its members are going...

WEST PALM BEACH, Fla. - There's a new monitoring and penetration testing product available specifically for CUs. CU-B-SAFE, offered by Financial & Technology Resources, is designed to assist CUs in monitoring the ports available on their Internet services and firewalls. CU-B-SAFE services are performed once a day on a random...

WASHINGTON - NAFCU Services Corp. has selected Xacta as its preferred partner for enterprise risk management (ERM). Xacta's ERM solutions aid CUs in safeguarding member information through a proactive approach that is in compliance with Gramm-Leach-Bliley, NCUA's Part 748, and national and internationals information security standards (BS ISO/IEC 17799.) "As...

TAMPA, Fla. - One size does not fit all when it comes to security. Dan Juneau, SVP for information security firm CastleGarde said security is a process not a product and credit unions should be wary of cookie cutter products. "People are spending thousands of dollars on policy templates that...