Security

Now more than ever, credit unions want to avoid being called out for a successful data breach or insider threat. To avoid this, credit unions need to monitor and hunt for threats, respond to incidents and patch systems to reduce their attack surface in the first place.

Monitoring and Hunting for Threats: Most IT teams at credit unions wish they had additional personnel to properly investigate the large volume of security alerts that their technology provides. A good Security-as-a-Service provider will pick up the slack and triage alarms for you, letting you know what's important and what isn't. You will want a Security-as-a-Service provider who will perform root cause analysis and help remediate a situation quickly before damage from a breach gets out of hand.
Responding to Incidents: Security incidents are a deviation from the organization's security policy and can include unauthorized access to a specific file share, unusual traffic on an unsanctioned port, or a range of other activities that violate an organization's acceptable standards. Having a Security-as-a-Service provider removes the time-heavy burden of security monitoring and provides 7x24x365 notification in the event of a security incident or other issue. This allows risk to be mitigated quickly and prevents catastrophic damage.
Patching Systems: Patch management is a vital part of any cybersecurity program, but while the rate that patches need to be applied is steadily increasing, lean IT teams don't have time to continuously scan for vulnerabilities and regularly patch systems. A Ponemon Research cybersecurity study found 57% of breaches were due to an unpatched vulnerability and 34% of breached organizations knew they had unpatched vulnerabilities but did nothing. With proper patch management, those breaches could have been prevented.

Security-as-Service providers can help credit unions manage a systematic program to scan for vulnerabilities, and unpatched or misconfigured software across the whole organization. But finding vulnerabilities is only half the job, as they should also help locate needed patches and help with executing patch deployment.

Instant Insights /

Security-as-a-Service Helps Credit Unions Protect Member Data, Stay Compliant

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