Breaches, account takeovers, cardfraud, malware, phishing, ransomware, DNS attacks … whichcybersecurity development will have the greatest effect on creditunions in the coming year? Some credit union industry professionalshelped draw a picture of what to expect in 2019.

“The continued organization and consolidation of cybercriminalswill result in greater efficiency in their effort to attackexisting vulnerabilities, while accelerating their ability toexploit new vulnerabilities,” Nayan Patel, vice president,strategic alliances at Fiserv, said. This, along with theincreasing lack of cybersecurity talent available to most creditunions, will necessitate the adoption of security orchestrationplatforms as well as the enlistment of trusted partners to augmentexisting tools and staff in the form of managed security serviceproviders.

Patel said the concept known as SOAR (security orchestration,automation and response), will tremendously influence credit unionsand other institutions going forward. “SOAR platforms enableorganizations to collect security-related data from the manydifferent sources that comprise an institution's securityecosystem, and apply machine learning and automation to that datain order to quickly detect, identify and remediate maliciousattacks.”