Search
 

Credit Unions Need to be More Proactive in Cybersecurity

A call for active threat intelligence to fill the gaps in penetration testing.

By Charles Tendell | Updated on June 19, 2014
Credit unions and banks have been targeted and damaged by high-profile cybersecurity incursions, resulting in a loss of consumer confidence and a move by credit unions to upgrade security measures in the constant battle against criminal hackers.

Security threats exist at multiple points, whether via targeting the customer or as a direct threat from hackers against the industry. Problematic links in the chain range from mobile device/application vulnerabilities and email scams to ATM threats and attacks on internal credit union systems, among many others.

One important, industry-wide tool credit unions are implementing is penetration testing, conducting ongoing self-evaluation of systems, processes and policies in an effort to stay ahead of hackers. However, penetration testing is not being implemented often enough to independently serve as a reliable means of security against dynamic, rapidly changing threats.

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?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

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 © 2023 ALM Global, LLC. All Rights Reserved.