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Monday September 16th, 2019 12:23AM

Waiting Until Cyber Breach is Identified is Dangerous: Credit Unions Must Utilize Real-Time Data to Ensure Security

By The Associated Press

ALPHARETTA, Ga.--(BUSINESS WIRE)--Jun 11, 2019--

What are the odds of winning the lottery? Getting struck by lightning? Getting audited? The answer is that they are all greater than the odds of being the victim of a cyber attack.

With the combination of the increasing rate of cyber breaches and the declining volume of cybersecurity talent, credit unions are being faced with a unique problem that must be solved quickly. In light of this, DefenseStorm Chief Revenue Officer Steve Soukup is leading a breakout session at the upcoming NAFCU Annual Conference regarding this current cyber threat challenge.

The conference, taking place in New Orleans from June 18 through June 21, will provide the setting for Soukup to discuss realistic solutions to issues such as the shortage of 3M cybersecurity staff and the prevalence of hacking during his presentation at 10:30am CT on Thursday, June 20.

Steve will also be at DefenseStorm’s booth #122 to answer any questions and discuss ways in which credit unions can best prepare for next-generation cyber attacks. An executive with deep banking industry expertise, Steve has worked for a number of FinTech companies throughout his 20+ year career, including Intuit, KPN, Q2 and S1 Corporation. In addition, he has direct banking experience through management positions at Key Bank, Bank Boston and State Street Bank.

“Steve has been successfully helping to protect credit unions and their members from cyberattacks for years,” said Harold Brewer, DefenseStorm CEO. “This presentation is designed to enable attendees to immediately implement an easy-to-follow plan to ensure they are both cybersecure and cybercompliant.”

DefenseStorm provides cybersecurity and cybercompliance solutions specifically built for banking to achieve and maintain Cyber Safety & Soundness. The DefenseStorm GRID™ is the only co-managed, cloud-based and compliance-automated solution of its kind, operating as a technology system and as a service supported by experts in FI security and compliance. It watches everything on a bank or credit union’s network and matches it to defined policies for real time, complete and proactive cyber exposure readiness, keeping security teams smart and executives accountable. FFIEC CAT and ACET requirements are built-in and automated, as can be other frameworks and an FI’s own policies, to achieve Active Compliance™. A Threat Ready Active Compliance (TRAC) Team™ augments a bank or credit union’s internal team to protect business continuity and skills availability while also ensuring cost-effective coverage and management. DefenseStorm is a NAFCU Services Preferred Partner for cloud-based cybersecurity.

View source version on businesswire.com:

CONTACT: Catherine Mootz

Arketi Group for DefenseStorm

O: 404.929.0091 ext. 211

M: 702.622.2385

cmootz@arketi.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA LOUISIANA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE SECURITY PROFESSIONAL SERVICES BANKING

SOURCE: DefenseStorm

Copyright Business Wire 2019.

PUB: 06/11/2019 08:45 AM/DISC: 06/11/2019 08:45 AM

http://www.businesswire.com/news/home/20190611005187/en

  • Associated Categories: Associated Press (AP), AP Business, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
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