Illuminated aerial cityscape of Seattle, downtown at night time, Washington, USA. The concept of cyber security to protect confidential information, padlock hologram Credit/Adobe Stock

As you put the finishing touches on, or frantically put a policy or procedure in place to comply with the Cyber Incident Notice Requirements, which take effect on Sept. 1, your credit union should also put aside some time to look at the forest and not just the trees when it comes to how your credit union plans on managing its data in the coming years.

A confluence of factors spurned by technological breakthroughs, a legal system scrambling to arbitrate the inevitable conflicts and a paralyzed national political system means that how you handle data has consequences that go far beyond notification requirements. In fact it is quickly becoming as important to understand your institution’s data as it is to understand its finances. It impacts virtually every aspect of your operations.

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