In 2015, over 169 million personal records were exposed, stemming from 781 publicized data breaches across the financial, business, education, government, and healthcare sectors.
The frequency and severity of cyber-attacks continue to grow as cybercriminals employ more complex techniques to gain access to networks and sensitive data. These attacks can be extremely damaging to credit unions, particularly if confidential business and member data is compromised. As data breaches become more prevalent, they cause increased financial and reputational impact.
To protect critical infrastructure, credit unions must first understand the current threat environment. Cybercriminals will work 24/7, using various attack methods, to gain access to crucial systems and sensitive information. The following includes just a few types of cyber-attacks credit unions may face.
Despite efforts by credit unions to implement effective data security controls, attackers continue to adapt and find new ways to penetrate networks and systems. To protect business assets and sensitive information, credit unions must employ strategies that help ensure they stay one step ahead of cybercriminals. Implementing the following layers of protection as part of a comprehensive network defense strategy will help prevent data breaches in the long run.
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