Outsourcing Credit Union Cybersecurity

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IT, compliance and security professionals at credit unions are under more pressure today than ever before due to the rapid shift to remote work and uncertain economic conditions. On top of this, they often have limited resources, making it difficult (if not impossible) to balance maintaining a good cybersecurity posture and meeting strict compliance requirements while managing budgets. Despite these challenges, security is a business issue and no longer an IT issue, which means IT and security professionals need to find a way to protect their business environment.

Fortunately, outsourcing cybersecurity is a great option for credit unions. Outsourced resources supplement existing IT/security decision-makers, enabling them to protect their business and maintain compliance without hiring a dedicated security team. However, many business and IT/security leaders are reluctant to outsource due to a handful of outdated myths such as increased costs, lost control over their infrastructure and a compromised cybersecurity posture, among other concerns. The problem is that these drawbacks aren’t universal; rather, they’re the result of bad experiences with unqualified partners. For this reason, the process of choosing the right vendor to meet your credit union’s specific needs is critical.