X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO, Fla. – As credit unions increase their fields of membership and provide members more remote points of access, the exposure to hackers also goes up. A CSI/FBI 2001 Computer Crime and Security Survey found that 85% of respondents detected a computer security breach, 64% acknowledged financial loss and of the 35% that could quantify the loss estimated it at $378 million. According to e-business Technology, Inc. President Bruce Hartley, since most hackers take the path of least resistance, credit unions need to view security as a process, not a project. “In the past risk management was just a paper exercise, today it has to be based on actual testing and analysis of system vulnerabilities and policy procedures must be updated accordingly,” said Hartley. Successful protection of a credit union starts with a commitment from the CEO and board to an information security program and having a layered security model. “You have to think of security from an enabling standpoint instead of an inhibiting one,” said Hartley. “You can never have a 100% hack-proof system, but you can make it a lot harder to crack and it is better to prevent something bad happening than fixing it after.” -mbourjolly @cutimes.com

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.