Links in “Cybersecurity/Data Breaches”

During a hearing before the House subcommittee on commerce, manufacturing, and trade, committee members unanimously affirmed the need for legislation to set a federal standard for data protection and customer notification. [1/28/15]

That's one of four simple steps to stop a cyber thief. Here are the other three. Happy Data Privacy Day Eve! [1/27/15]

That’s according to a recent report issued by the Online Trust Alliance that looked at over 1,000 data breaches that occurred in the first half of 2014. The report, which states that only 40% of the breaches were the result of external intrusions, identifies 12 basic security measures that entities should take to protect their data. [1/26/15]

A group of financial trade associations have come together in a letter that urges Congress to enact legislation to establish national data security and consumer notification standards for merchants. The groups are also advocating that the cost of a breach be borne by the entity that incurred the breach. [1/26/15]

According to NCUA Chair Debbie Matz, credit volunteer directors are a credit union’s first line of defense against future losses. She added that boards assisted in navigating their credit unions through the recession, but now should be particularly concerned about interest rate risk, cybersecurity, and the importance of maintaining adequate capital. [1/23/15]

Which of your employees should be provided with the ability to remotely access their credit union email account? What are the advantages and what are the risks? [1/21/15]

A list of the 25 worst passwords you can use. No. 25 offers, at least, good advice: trustno1.

The first 48 hours after a cyber attack are critical. Actions your financial institution take within that window will do much to determine the attack's overall impact. Here are three questions you'll want to be prepared to answer during those 48 hours. [1/21/15]

President Obama's State of the Union address touched on a number of issues relevant to bankers, including cybersecurity, Dodd-Frank, and the CFPB. Here's a recap. [1/21/15]

It's clear that cybersecurity is becoming a bigger issue every day and even the big guys can’t seem to fight hackers. Because of the nature of their business, financial institutions are likely to always be targets of these attacks. That's why AffirmX sat down with computer security expert Jay Ranade. See if he answers your cybersecurity questions here. [1/20/15]