Credit Union Business News published an article from Think|Stack CEO Chris Sachse that provides credit unions with insights into ways they can mitigate cybersecurity risk following the invasion of Ukraine.
"It is time for credit unions to heed the warning. There is no 911 to call if you are hacked. Cybersecurity protection is your responsibility.
Far too many businesses take a reactive approach to cybersecurity and assume they will deal with it when it happens. Every business will experience a cyber attack at some point – big or small – and for credit unions, it could have detrimental impact to your member data and can take months, and even years to recover. Modern ransomware gangs are not only responsible for stopping the operation of organizations, but they also steal customer and employee information, often leaking it publicly if the ransoms are not paid."