Cybersecurity Awareness Month: Confronting the scariest threats to your credit union

first_img 28SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr October is National Cybersecurity Awareness Month which means it’s an excellent time to make sure there aren’t any unseen forces within your credit union that have nefarious plans for your members’ money.Earlier this year, Wired Magazine wrote about the biggest cybersecurity threats for 2015. Three of these are indeed scary prospects for the credit union industry, but the key is to make sure you are doing everything you can to prevent these scenarios:Data Destruction: Malware exists that erases data and boot records, so it is vitally important to make sure you have an excellent data backup plan.Bank Card Breaches: This is a threat that isn’t going away any time soon, so it is important to be moving towards tokenization technologies to prevent this. NAFCU has partnered with MasterCard to help credit unions move towards this. For more information you can check out this webinar from earlier this year here.Third Party Breaches: The data breach at Target stores is an excellent example of why you need a strong Third Party Risk Management Plan. For more information on this, check our recent webinar or blog posts here or here. continue reading »last_img

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