The dramatic rise in data breaches in the U.S. and the annual increase of identity theft has motivated the NCUA to identify cybersecurity and fraud preparedness as its top supervisory priorities for six consecutive years (2014-2019). According to national statistics, significant numbers of your members and employees have received personal breach notifications from major retailers or other companies. Technological changes are making individuals, financial institutions, and other businesses more vulnerable to ID theft and breaches, and we cannot afford to ignore the signs of greater threats in the future. While attending this session, you will learn about the risks we face in the criminal cyber world and real data about breach and ID theft trends. You’ll also learn about best practices for data breach preparedness and how these practices might also generate non-interest income.

Knowledge Level: Basic
Pre-Requisite: None
No advance preparation required
CPE Field of Study: Information Technology