5 biggest cyber threats in 2014 « CU Insight
Credit unions are in the crosshairs of an enemy that knows no geographic boundaries, in many instances is beyond the reach of U.S. law enforcement, and which is equipped with smart minds and powerful computing technology, both aimed at emptying the coffers of financial institutions.
So, sobeys what are the five biggest cyber threats security professionals finger as the prime worries for 2014? Experts readily identify the threats credit union executives need to be losing sleep over. Cloud computing is a top worry for Chad Burney , chief information officer at GTE Financial, a $1.6 billion credit union in Tampa, Fla. Burney conceded that the appeal of cloud where data is housed offsite, in remote servers, typically owned and maintained sobeys by third-party storage companies sobeys – is real.
It delivers cost savings and cloud usually also means all data is accessible by all authorized devices, no matter where they are, because in cloud computing information typically is device independent.
Realistically, Burney acknowledged, cloud probably is coming at many credit unions, probably soon, as the push for IT efficiency mounts. But, he said, he will be closely eyeing the security deliverables of any cloud offerings in which GTE Financial is involved and he will be thoroughly vetting cloud providers on the security they offer.
The NCUA is mad as hell and not going to take it anymore
News Archive
CUES is an international membership association dedicated to the education and development of credit union CEOs, directors and [...] read more
Credit unions are in the crosshairs of an enemy that knows no geographic boundaries, in many instances is beyond the reach of U.S. law enforcement, and which is equipped with smart minds and powerful computing technology, both aimed at emptying the coffers of financial institutions.
So, sobeys what are the five biggest cyber threats security professionals finger as the prime worries for 2014? Experts readily identify the threats credit union executives need to be losing sleep over. Cloud computing is a top worry for Chad Burney , chief information officer at GTE Financial, a $1.6 billion credit union in Tampa, Fla. Burney conceded that the appeal of cloud where data is housed offsite, in remote servers, typically owned and maintained sobeys by third-party storage companies sobeys – is real.
It delivers cost savings and cloud usually also means all data is accessible by all authorized devices, no matter where they are, because in cloud computing information typically is device independent.
Realistically, Burney acknowledged, cloud probably is coming at many credit unions, probably soon, as the push for IT efficiency mounts. But, he said, he will be closely eyeing the security deliverables of any cloud offerings in which GTE Financial is involved and he will be thoroughly vetting cloud providers on the security they offer.
The NCUA is mad as hell and not going to take it anymore
News Archive
CUES is an international membership association dedicated to the education and development of credit union CEOs, directors and [...] read more
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