LAS VEGAS – Due to advancing technologies and a growing amount of internationally-connected data floating around in the world, credit unions and other organizations can be considered powerless in their quest to stop all breaches in their tracks. Instead, they should invest their time and resources into response and recovery plans to put into action when the inevitable attack occurs.
That was the key point three cybersecurity experts brought home during the breakout session "Data Breach Risk Management: Real Risks, Real Data, Real Answers" at CU Direct's Drive conference Thursday.
Retired FBI special agent John Iannarelli, Merchants Information Solutions VP and Identity Theft Practice Leader Mark Pribish and Vero SVP, Identity Theft Services Jim McCabe shared staggering statistics on the rise of cybercrime, including a 270% increase in business email compromises in 2016, a 16% increase in identity fraud since 2015 and a cost to organizations of $221 per record stolen.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
