If your credit union doesn’t have cyber insurance, you’re setting yourself up for a costly mistake. More than 75% of credit unions go without an essential piece of protection regarding their security, according to CUNA Mutual Group.

No matter how big or small your organization is, it is a target for cybercrimes. Nearly one-third of all cyberattacks in 2013 targeted companies with fewer than 250 employees, according to the 2014 Internet Security Report from Symantec.

The average cost to U.S. financial organizations for each lost or stolen record containing sensitive and confidential information was $236, according to Ponemon’s “2014 Cost of a Data Breach” study.

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