A site dedicated to providing credit unions with relevant news and information related to security and information technology.
Wednesday, May 20, 2015
The Art of (Cyber) War: Cybersecurity Tactics for All Financial Institutions
As financial institutions of every type and size -- national, regional and community banks, thrifts, mutuaIs, credit unions, and non-bank lenders -- increase their collection of personal information about their customers and employees, they become larger targets for a data privacy incident.
Financial institutions are truly in a cyber war and must fight this battle on four fronts: external threats, intentional misappropriation by rogue employees, data accidentally lost or misplaced, and vendor negligence; accordingly, proper tactics and strategy are essential for survival.