For many, summertime means rest, relaxation and a little extra vitamin D. But for those looking to thwart cyberattacks, summer is not the time to take your foot off the gas. Fraudsters are always on the prowl and cybersecurity usually becomes top-of-mind after there has already been a loss of data security – and financial loss. The average total cost of a data breach is no small change either – upwards of $4 million. Unfortunately, it's a matter of when a cyberattack occurs, not if a cyberattack will occur.

The bad guys aren't going on summer vacation either. They aren't always looking for open cyber doors, just weak ones to barge through. Staying safe online starts with protecting your personal data and identity. As our lives (and banking) become more fortified with digital architecture, cybersecurity measures must also ramp up. Before you roll out the beach towel and throw on your sunscreen, check out some ways you can protect yourself and your institution from attacks this summer (and all year long).

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.