As Cybersecurity Awareness Month wraps up, we want to share more information about how to protect your credit union from fraudsters using complimentary resources available to Tennessee League member credit unions!
Cyber incidents, like other types of disruptions, can have immediate and long-term impacts and consequences across the credit union. The FFIEC defines cybersecurity as “the process of protecting information by preventing, detecting and responding to attacks.” They can result from a variety of causes, both malicious and non-malicious, with impacts to hardware, infrastructure, applications and data.
Credit unions must manage internal and external threats and vulnerabilities to protect their information and infrastructure against cyber-based attacks. As trusted financial partners, safeguarding member data is a top priority. With the rise in phishing scams, identity theft and account takeovers, proactive cybersecurity measures are critical to maintaining trust and security.
While there is no one-size-fits-all solution, here are some common ways credit unions are protecting themselves.
- Implement Multi-Factor Authentication (MFA) across all systems to prevent unauthorized access.
- Conduct Regular Cybersecurity Training for staff and members to build awareness and reduce human error.
- Invest in Advanced Threat Detection Systems that monitor and respond to suspicious activity in real time.
- Keep Systems and Software Updated to patch vulnerabilities and stay ahead of emerging threats.
- Collaborate with Industry Partners (such as InfoSight360 and the Tennessee League) to stay informed about the latest threats, get support in the event of an incident and make sure you have a solid recovery plan in place.
Working Together to Fight Fraud
Cybersecurity is a team effort, and we’re here to support your credit union with tools and resources that make a real difference.
InfoSight
Find practical guidance and tools in a wide range of topics including cybersecurity, cyber-enabled fraud, security programs for credit unions and data breach response.
CU PolicyPro
Access model policy content to help you build or update policies for incident response, information security, AI usage and digital banking.
Learn more about these complimentary resources for Tennessee League member credit unions.
