CUSC CUs to Have Access to New Security Products

ATLANTA – Credit unions that are members of the Credit Union Service Corporation’s shared branching network will soon have the ability to access a suite of different security products which will help the keep their new Internet-based products and procedures secure from attack. The product will come through a partnership CUSC has made with the Perimeter Internetworking Corporation, which describes itself as a “leading provider of managed network and security services for community financial institutions.” Using a private data circuit that was made possible thanks to CUSC’s new switch, member credit unions will now be able to access products which can help them protect their home banking transactions as well as e-mail and other Internet operations, according to Craig Beach, vice president for Marketing for CUSC. “Perimeter offers a superb product that complements CUSC’s Next Generation Network well,” says Carroll Beach, President/CEO of CUSC, the leading shared branching company. “We are confident that Perimeter’s innovative turn-key solutions will be the perfect fit for credit unions and we are proud to be partnered with this network security leader.” Brad Miller, CEO of Perimeter, says the most immediate impact will be to permit smaller CUs to have access to Internet security products that most large credit unions have been able to afford. “What we offer, more or less, is a service which will stand between the Internet and our credit union subscribers,” Miller said. “The analogy we like to use is the ozone layer. Just like we need the ozone layer to stand between ourselves and direct solar radiation, our Security in The Cloud product platform stands between the Internet and subscribing credit unions.” Miller said almost all credit union will start with basic products which include a firewall and virus protection and then move up from there. The products will be priced in much the same way that cable TV channels are priced, on a subscription per product basis with larger credit unions paying higher prices than smaller ones