The Federal Credit Union July - August 2016 - (Page 22) CYBER READY In the current cybersecurity landscape, credit unions must accept vulnerability and take drastic measures to prevent potential losses. By Ken Stier I n his mind's eye, Alec Patrick envisions the IT infrastructure at GEICO Federal Credit Union as being like a house on a darkened street in a dangerous neighborhood. Imagine a desolate section of the city beyond the reach of public services. But in this cyber environment, which Patrick is charged with protecting as vice president of digital banking, the perimeter is tested daily, constantly - sometimes from as far away as China and Russia - and there are no cops to call. If all is in order, the house is very quiet and tightly sealed, offering no easy chinks to exploit, not even a keyhole to test. It's really more of a bunker than a house. But that's the new normal - and it is getting worse. Points of Vulnerability "Credit unions can, I think, expect to see that environment become more hostile over time," acknowledges Tim Segerson, deputy director of NCUA's Office of 22 THE FEDERAL CREDIT UNION JULY-AUGUST 2016 Table of Contents for the Digital Edition of The Federal Credit Union July - August 2016 The Federal Credit Union July - August 2016 http://www.nxtbook.com/ygsreprints/NAFCU/G79086_nafcu_julyaugust2017 http://www.nxtbook.com/ygsreprints/NAFCU/G75911_nafcu_mayjune2017 http://www.nxtbook.com/ygsreprints/NAFCU/G73247_nafcu_marapr2017 http://www.nxtbook.com/ygsreprints/NAFCU/G71923_nafcu_janfeb2017 http://www.nxtbook.com/ygsreprints/NAFCU/G69249_nafcu_novdec2016 http://www.nxtbook.com/ygsreprints/NAFCU/nafcu_septoct2016 http://www.nxtbook.com/ygsreprints/NAFCU/g63853_nafcu_julaug2016 http://www.nxtbook.com/ygsreprints/NAFCU/g61005_nafcu_mayjun2016 http://www.nxtbook.com/ygsreprints/NAFCU/g58935_nafcu_marapr2016 http://www.nxtbook.com/ygsreprints/NAFCU/g56716_nafcu_janfeb2016 http://www.nxtbook.com/ygsreprints/NAFCU/g55605_nafcu_novdec2015 http://www.nxtbook.com/ygsreprints/NAFCU/g53582_nafcu_sepoct2015 http://www.nxtbook.com/ygsreprints/NAFCU/g52154_nafcu_july2015 http://www.nxtbook.com/ygsreprints/NAFCU/g50302_nafcu_mayjune2015 http://www.nxtbook.com/ygsreprints/NAFCU/g48554_nafcu_marapr2015 http://www.nxtbook.com/ygsreprints/NAFCU/g47118_nafcu_janfeb15 http://www.nxtbook.com/ygsreprints/NAFCU/g45886_nafcu_novdec2014 http://www.nxtbook.com/ygsreprints/NAFCU/g44155_nafcu_sepoct2014 http://www.nxtbook.com/ygsreprints/NAFCU/g42892_nafcu_julyaug2014 http://www.nxtbook.com/ygsreprints/NAFCU/g41296_nafcu_mayjun2014 http://www.nxtbook.com/ygsreprints/NAFCU/g39799_nafcu_marapr2014 http://www.nxtbook.com/ygsreprints/NAFCU/g38961_nafcu_janfeb2014 http://www.nxtbook.com/ygsreprints/NAFCU/g38041_nafcu_novdec2013 http://www.nxtbook.com/ygsreprints/NAFCU/g36539_nafcu_sepoct2013 http://www.nxtbook.com/ygsreprints/NAFCU/g34910_nafcu_julaug2013 http://www.nxtbookMEDIA.com
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