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Cyber Security: Invisible Threats Affecting Your Credit Union

Wed, Sep 14, 2016

Columbia, Maryland

Regulatory bodies (including the NCUA) now consider cybersecurity the top risk facing financial institutions. They expect credit union executives and management to be well informed and aware of current issues, and make decisions with cybersecurity as a key component of their risk management processes. In this session we will review the latest statistics from industry security reports and summary information from the FFIEC cyber security assessment pilot. Presenter Randy Romes, from CliftonLarsenAllen, will also share his own experience in penetration testing, fraud review and hacker forensics. Learn how to keep abreast of the latest cybersecurity trends, manage risks, and ensure the right level of governance to safeguard the credit union.

We will explore risks and trends related to ransom ware, email phishing, social engineering, and attacks on back end payment systems.  The session will provide participants with guidance on the structure of a sound information security program that addresses:

  • Secure standards for systems operations
  • Vulnerability management
  • Incident response capabilities and preparedness

During this session, participants will be able to:

  1. Describe cyber fraud attacker motivations and key attributes of email phishing attacks.
  2. Participants will be able to define strategies to mitigate the risks associated with cyber-attacks such as ransomware attacks and email phishing.
  3. Participants will be able to identify strengths and weaknesses within their organizations incident response program.

September 20, 2016
9 am - 3 pm

MD|DC Credit Union Association
4975 Guilford Rd., Suite 190
Columbia, MD 21046