Credit unions face numerous challenges in safeguarding member information and maintaining a strong security posture. Our CTDO, Matt Baaki, discusses establishing #digitaltrust strategies and making the right #cybersecurity investments to safeguard member information and strengthen security. 📌 Key Takeaways: ▪️Elevate visibility at the board and executive levels, and engage stakeholders in cybersecurity discussions. ▪️Implement necessary and regular training for all staff members. ▪️Adopt innovative authentication methods and phase out weaker options like SMS and phone callbacks. ▪️Utilize daily synthesized threat reports (‘playbooks’) to stay informed and proactive. ▪️Leverage SIEM and SOC solutions to enhance systems cost-effectively. ▪️Preserve IT talent through ongoing training and career path development. 🔗 Read the full blog post here: https://hubs.la/Q02GMVk80 #creditunions #MDT
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“The risk of a cyber breach is the number one global driver for zero trust strategy implementation, according to Entrust. The 2024 State of Zero Trust & Encryption Study surveyed over 4,000 IT security practitioners worldwide. The survey shows that people are now more motivated to invest in security to prevent data breaches rather than to follow regulations. While compliance was the main reason for security investments in the past, 41% of respondents now prioritize security investments to reduce the risks of data breaches or other security incidents. This marks a significant change in attitudes toward why organizations invest in security.” https://gag.gl/95p5uR With Kiteworks, organizations effectively manage third-party risk with maximum visibility and control over the PII, PHI, and IP employees share with third parties. Visit our website to learn more. #cybersecurity #kiteworks #databreach #compliance #dataprotection #datasecurity
Lack of skills and budget slow zero-trust implementation - Help Net Security
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This article discusses the prevalence of data breaches and cyber threats across various industries. It highlights the vulnerabilities in manufacturing, public, and finance sectors, emphasizing the importance of proactive cybersecurity measures. The article differentiates between security incidents and data breaches and outlines their common detrimental effects on both industries and businesses. It also suggests integrating risk pool concepts, captive insurance, and designated cyber security insurance coverage as effective strategies for enhancing overall risk management in the face of evolving cyber threats. The article underscores the critical need for organizations to prioritize cybersecurity, employee training, and incident response plans to safeguard their operations in today's digital landscape. #cicservices #cybersecurity #riskmanagement #captiveinsurance https://lnkd.in/g_EeMGDp
Business In Danger Hackers
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This article discusses the prevalence of data breaches and cyber threats across various industries. It highlights the vulnerabilities in manufacturing, public, and finance sectors, emphasizing the importance of proactive cybersecurity measures. The article differentiates between security incidents and data breaches and outlines their common detrimental effects on both industries and businesses. It also suggests integrating risk pool concepts, captive insurance, and designated cyber security insurance coverage as effective strategies for enhancing overall risk management in the face of evolving cyber threats. The article underscores the critical need for organizations to prioritize cybersecurity, employee training, and incident response plans to safeguard their operations in today's digital landscape. #cicservices #cybersecurity #riskmanagement #captiveinsurance https://lnkd.in/giYnBsM8
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Sales Director DACH; Software Enterprise Sales; SaaS; CyberSecurity; Vision-Driven Technology; Success Driven; Hunter; Teamplayer; Meddpic - TAS - SPIN; "Informations-Sicherheit" (TISAX, ISO 27001)
“The risk of a cyber breach is the number one global driver for zero trust strategy implementation, according to Entrust. The 2024 State of Zero Trust & Encryption Study surveyed over 4,000 IT security practitioners worldwide. The survey shows that people are now more motivated to invest in security to prevent data breaches rather than to follow regulations. While compliance was the main reason for security investments in the past, 41% of respondents now prioritize security investments to reduce the risks of data breaches or other security incidents. This marks a significant change in attitudes toward why organizations invest in security.” https://gag.gl/J7BVUq With Kiteworks, organizations effectively manage third-party risk with maximum visibility and control over the PII, PHI, and IP employees share with third parties. Visit our website to learn more. #cybersecurity #kiteworks #databreach #compliance #dataprotection #datasecurity
Lack of skills and budget slow zero-trust implementation - Help Net Security
https://www.helpnetsecurity.com
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“The risk of a cyber breach is the number one global driver for zero trust strategy implementation, according to Entrust. The 2024 State of Zero Trust & Encryption Study surveyed over 4,000 IT security practitioners worldwide. The survey shows that people are now more motivated to invest in security to prevent data breaches rather than to follow regulations. While compliance was the main reason for security investments in the past, 41% of respondents now prioritize security investments to reduce the risks of data breaches or other security incidents. This marks a significant change in attitudes toward why organizations invest in security.” https://gag.gl/00MrY2 With Kiteworks, organizations effectively manage third-party risk with maximum visibility and control over the PII, PHI, and IP employees share with third parties. Visit our website to learn more. #cybersecurity #kiteworks #databreach #compliance #dataprotection #datasecurity
Lack of skills and budget slow zero-trust implementation - Help Net Security
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Corporate account takeover (CATO), a type of cyber fraud involving unauthorized access to a company's financial or other critical accounts, is an evolving threat causing major concern for SMBs. Our latest article outlines a strategy to prevent corporate account takeover, which also happens to be the fundamental parts of a comprehensive cybersecurity strategy. #cybersecurity #manageditservices #cyberstrategy
Corporate Account Takeover: Explanation & Prevention Strategies
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With organizations increasingly targeted by sophisticated #cyberthreats, there's a pressing need to prioritize cybersecurity at the highest levels of corporate governance. The appointment of executives dedicated to overseeing cybersecurity initiatives reflects a strategic recognition of the imperative to fortify defenses and mitigate risks. In today's interconnected digital landscape, where a #databreach can have profound consequences, proactive measures are non-negotiable. Elevating #cybersecurity to a C-suite level underscores a commitment to safeguarding sensitive information, preserving trust, and protecting brand reputation. Let's seize this moment to bolster our cybersecurity resilience, ensuring that our businesses remain resilient in the face of evolving threats. https://hubs.ly/Q02qzqf_0
Lawyers take frontline role in business response to cyber attacks
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Beware: #Cyber threats are on the rise! 🚨 In 2023, 41% of small to medium-sized businesses fell victim to cyber-attacks. Risks like data breaches, financial losses, and reputational damage are real. Decision-makers must act now to strengthen their defenses. Should you hire an in-house security team or outsource to a third-party provider? Make the smart choice to protect your business. 🔒💼 Read: bit.ly/4ezkkTz #MarcumTechnology #CyberSecurity #askmarcum
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The 2022 Verizon Data Breach Investigations Report highlights cybersecurity challenges across manufacturing, public, and finance sectors. Manufacturing sees a rise in phishing and system intrusions, emphasizing the need for robust security measures. In the public sector, malware and phishing prevail, calling for strong authentication and collaborative threat intelligence. Finance faces escalating threats like ransomware and phishing scams, posing financial and reputational risks. The article stresses proactive cybersecurity measures, employee training, and a holistic risk management approach. It advocates for continuous adaptation to counter the evolving digital threats and underscores the importance of collaboration to safeguard against cyber challenges. #cicservices #cybersecurity #riskmanagement #captiveinsurance https://lnkd.in/g_EeMGDp
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The 2022 Verizon Data Breach Investigations Report highlights cybersecurity challenges across manufacturing, public, and finance sectors. Manufacturing sees a rise in phishing and system intrusions, emphasizing the need for robust security measures. In the public sector, malware and phishing prevail, calling for strong authentication and collaborative threat intelligence. Finance faces escalating threats like ransomware and phishing scams, posing financial and reputational risks. The article stresses proactive cybersecurity measures, employee training, and a holistic risk management approach. It advocates for continuous adaptation to counter the evolving digital threats and underscores the importance of collaboration to safeguard against cyber challenges. #cicservices #cybersecurity #riskmanagement #captiveinsurance https://lnkd.in/gU-yr2sC
Business In Danger Hackers
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Transforming credit unions member experience with print and digital strategies
1moThanks for sharing