Earlier this month, a massive security breach at consumer credit reporting agency, Equifax, left 143 million consumers scrambling to protect their identity. As cybersecurity threats continue to evolve in both sophistication and scale, the need to safeguard your credit union’s reputation and member data has never been more critical.
While much is being done to combat these attacks, credit unions must learn to be nimble and prepare for how the next generation of technology will impact cybersecurity.
According to a recent survey of hackers who attended the 2017 Black Hat Conference, the easiest and fastest way to access sensitive consumer data is through a privileged account, email account, or a user’s endpoint, such as a laptop or desktop computer.
Consider the following tips to bolster your credit union’s cybersecurity efforts:
- Develop a forward-looking cybersecurity methodology focused on expanding efforts to stay ahead of current threats.
- Establish strategies to access and analyze the latest threat intelligence to help prioritize information security budgets and enhance internal technologies.
- Ensure the correct employee skillsets are in place.
- Capitalize on cyber threat intelligence (CTI) resources and advanced detection technologies.
CTI provides critical information about cyber threat capabilities and how to prevent attacks. Organizations that leverage the expertise of professionals to review industry specific data from trusted sources like vendor partners, Information Sharing and Analysis Centers (ISACs), and the United States Computer Emergency Readiness Team (US-CERT), have been able to effectively protect and support their cyber environment. Read the full article here.