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/nafcu_JanFeb2020
http://www.nxtbook.com/ygsreprints/NAFCU/nafcu_NovDec2019
http://www.nxtbook.com/ygsreprints/NAFCU/G109023_nafcu_septoct2019
http://www.nxtbook.com/ygsreprints/NAFCU/G106941_nafcu_julaug2019
http://www.nxtbook.com/ygsreprints/NAFCU/G105388_nafcu_mayjun2019
http://www.nxtbook.com/ygsreprints/NAFCU/G103030_nafcu_marapr2019
http://www.nxtbook.com/ygsreprints/NAFCU/G88665_nafcu_janfeb2019
http://www.nxtbook.com/ygsreprints/NAFCU/G100235_nafcu_novdec2018
http://www.nxtbook.com/ygsreprints/NAFCU/G98517_nafcu_septoct2018
http://www.nxtbook.com/ygsreprints/NAFCU/G96479_nafcu_julaug2018
http://www.nxtbook.com/ygsreprints/NAFCU/G93390_nafcu_mayjune2018
http://www.nxtbook.com/ygsreprints/NAFCU/G90161_nafcu_marapr2018
http://www.nxtbook.com/ygsreprints/NAFCU/G88665_nafcu_janfeb2018
http://www.nxtbook.com/ygsreprints/NAFCU/G83806_nafcu_novdec2017
http://www.nxtbook.com/ygsreprints/NAFCU/G80296_nafcu_septoct2017
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