Information Technology “Findings for credit unions with total assets less than €40m noted a common risk issue related to inadequately resourced IT function. Credit unions should have in place effective structures to manage IT related risks that are appropriate for the business model, size and technological complexity of the credit union, as well as the […]
With Microsoft now phasing out passwords to focus on multi factor authentication. https://www.cnbc.com/2019/05/01/microsoft-ciso-bret-arsenault-wants-to-eliminate-passwords.html Having a 2FA approach is better, the password is the lock on the door and the 2FA is the deadbolt to your house. They make would be intruders look to see if the house next door is an easier target, but a […]
Today I was reminded by Flipboard to reset my password due to a cyber incident, over the weekend a similar email from another platform. We live in the world where anything that is on or connected to the internet is no longer secure, probably never was. We have to acknowledge that this is the modern […]
We are seeing a further growing gap between the technology environment we operate and our ability to understand and secure it. As we build automated processes and artificial intelligence into its services, this will, by definition, compound the problem; making the mitigation of attacks significantly more challenging.
Vigilance, education, being prepared, systems updated are the main protection for an organisation to be able to manage a data breach or cyber incident. Having a cyber incident response plan can mitigate the effects of an attach. An incident can range from a mild upset to business process up to a catastrophic effect on the […]
Governance and Assurance Questions to ask the board or management team about the organisational awareness and IT risk management appetite. Do we have an effective enterprise risk management process in place and are cyber risks fully integrated into this process? Are we clear who is responsible for managing risks, can we identify who on the […]
Win €100 euros for the first 100 person to click on this Link < click here > If you clicked, ask yourself why, this message is the most common form of cyber-attack, tempting you the user to click on a link. The least worrying may be asking for your name, worst could be downloading a […]
Every day media reports document another organisation has been the victim of a cyber-attack. Usually it’s the loss of confidential company data, intellectual property, customers details and or financial. The consequences have varied from regulatory fines and reputational loss, through to complete failure of a business. Cyber criminals can infiltrate an organisation’s systems for days, […]
Credit union’s backbone is the ability to have a banking software solution active and to facilitate credit union members to access their account(s) online and or within the credit union. This is a critical aspect of the operations of credit unions. It is thus important that the operational staff, management and Credit Union Board thoroughly […]
We all work with in challenging environments and the credit union sector operates in a complex and demanding regulatory environment. IT is a core enabler of business processes. With the credit union sector there is the regulatory oversight required by the Central Bank into their operations including IT. With these requirements, an oversight function is […]
