1. Environmental Scan resources: cuna.org/strategicplanning
2. Security training: cuna.org/training
3. Home Depot data breach survey updates: cuna.org
4. Stop the Breaches, a national action alert for CUs: www.stopthedatabreaches.com
NCUA’s cybersecurity resources:
Countering existing threats is important, but that’s just one piece of the puzzle. Credit unions must also create strategies that address potential incidents.
The most worrisome security threats among credit unions are member identity theft and a data breach involving a third-party provider, followed by a virus attack.
Almost half of survey respondents ranked those possibilities among their top three security concerns in coming years, while just over 30% feel that strongly about the threat of a cyberattack.
Notably, credit unions with assets of $10 million to $200 million express greater concern about virus attacks than do their larger counterparts. Concern over member identity theft peaks among credit unions with assets of $200 million to $500 million.