Survey Shows CUs Serious About Security
WASHINGTON - A Callahan & Associates' survey finds the most frequently budgeted item for technology spending this year is security identification tools. Some 95% of respondents listed multi-factor authentication and biometrics as a priority for spending this year, though only 3% reported having any of these methods already in place. The next most popular expenditure priority was Voice over Internet Protocol, a lower cost phone system than traditional lines. The survey was based on 126 CUs with over $25 million in assets and having an average size of $564 million in assets. This survey is just one small segment of Callahan's just released 2005 Credit Union Technology Survey.