Risk Management Prepare & Protect: Top Credit Union Risks in 2025 Take a look at any headline these days, and there is one word that seems to be everywhere: uncertainty. And is it any wonder why? From security to liquidity, the threat of uncertainty is profoundly ingrained in every aspect of credit union operations. Even though credit unions are not new
Risk Management Be Cyber Safe: 4 Tips to Secure Your Credit Union During Cybersecurity Awareness Month Earlier this year, we learned that millions, if not billions, of people were impacted by the National Public Data breach that occurred in December of 2023. Through this data breach, personal information like social security numbers, addresses and phone numbers were exposed to bad actors. In July, Ticketmaster released information
Risk Management Is Cyber Liability Insurance Worth It? There’s no doubt about it – we are firmly cemented in the Digital Age. And in this age, where data breaches and cyberattacks are as prevalent as mobile banking and contactless payments, credit unions find themselves at a crossroads. With our deep-rooted commitment to the security of our members’ information
Risk Management Security Review, Assessment, Audit: What's the Difference? Football vs. football. They’re two different sports that share the same name (at least, in some places). They also have some skills and attributes that overlap, such as controlling the ball, teamwork, quick footwork and running, scoring points and so on. But, at the end of the day, American
Risk Management 5 Reasons Why a Password Manager is Worth the Investment If you’ve spent any amount of time in the financial industry, you’re probably familiar with the dos and don’ts of passwords: DO: * Use various upper-case and lower-case letters. * Make sure it is at least eight or more characters in length. * Include special characters. * Create strong, hard-to-guess passwords.
Risk Management Rising Cost of Eggs, Gas and…Cyberattacks? Every time we go to the grocery store, we’re reminded about the rising costs of groceries. Meat, eggs and even butter prices have all suffered at the right hand of inflation. In fact, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index, eggs increased 70 percent
Risk Management The Key to Cybersecurity is a Good Defense...And We Have the Key! The world may seem larger than ever before, but attackers don’t think so. With our reliance on the virtual space to connect us and push technology into mainstream operations – especially those for financial institutions like credit unions – every device is an open invitation to steal data and network access.
Risk Management Cybersecurity Awareness Month Takes the Scare Out of CU Security Michael Myers, Jason Voorhees and Freddy Krueger might strike fear in the hearts of horror fanatics this time of year, but the real villains are much more elusive and certainly more persistent. Bad actors, hackers, those who exploit your credit union and your members’ data are the real monsters, and
Risk Management Who’s Really Behind Your Email Account? Cloud-based servers can be extremely useful, wouldn’t you agree? You don’t have to worry about hardware maintenance, power consumption, redundancy or physical security. Not to mention, storage limits are more easily resolved with less down time. And how many of us have hit the “Save Password” button when
Risk Management A New Age of Cybersecurity: The Best & Worst of Times When Charles Dickens published A Tale of Two Cities in 1859 and introduced us to the infamous opening line, “It was the best of times, it was the worst of times…,” there’s no way he could’ve known how those words would resonate 160 years later. With the COVID-19
