As banks and credit unions face an increasing number of cyber threats, it is more important than ever for
these organizations to have a comprehensive cybersecurity plan in place. Not only are banks and credit
unions critical components of the economy, but they also house sensitive data about their customers.
Cybercriminals can use this data illicitly to steal funds, and malicious actors can attack banks to cause
damage to the country’s financial infrastructure.
One of the most important elements of a strong cybersecurity program is working with a managed
security service provider (MSSP). MSSPs offer around-the-clock monitoring and incident response
services, which are critical for banks and credit unions that may be targeted by sophisticated
Banks and credit unions are targeted by a wide variety of cyber threats, including, phishing attacks, malware infections, denial of service (DoS) attacks, SQL injection attacks, and insider threats. They also face risks from an expanding list of attack vectors, including from overseas operators.
Banks and credit unions must also be prepared for the possibility of a data breach. In the event of a breach, it is critical to have an incident response plan in place to minimize the damage and protect customer data.
Banks and credit unions must operate under a Zero Trust framework, with the assumption that they are constantly under attack. Uvation can provide this type of constant protection through a series of comprehensive cybersecurity solutions, managed services, and in-depth training.
There are many reasons why financial institutions are such attractive targets for cybercriminals. For one, banks and credit unions hold large amounts of sensitive customer data, including Social Security numbers, account numbers, and birthdates. This data can be used to commit fraud or identity theft.
In addition, banks and credit unions can sometimes be slow to adopt new technologies and can have outdated systems that are easier for hackers to exploit. Because of the nature of their business, banks and credit unions are required to comply with several regulations, which can make them even more attractive targets for cybercriminals looking to evade detection.
Uvation partners with banks and credit unions to update their security parameters and maintain constant vigilance, so they can be prepared for the latest cyber threats. Our managed services operate in a compliant environment.
Uvation has years of experience delivering cybersecurity services to global financial organizations, regional banks, local credit unions, and other types of financial institutions. We use state-of-the-art tools to implement strong cybersecurity defenses, no matter the size of the organization.
Uvation is also prepared to train and educate employees, so they can be vigilant in the face of emerging threats and social engineering attacks. We’ve helped multiple financial institutions upgrade their security per their compliance needs, their legacy integrations, and their growth projections.
The process of keeping banks and credit unions secure is an ongoing one. Once cybersecurity solutions are in place, it is important to maintain them through continuous monitoring and regular updates.
Uvation can ensure that the cybersecurity solutions deployed by banks and credit unions remain effective against the latest threats. In addition, Uvation can put procedures in place to quickly respond to any incidents that do occur, including disaster recovery plans and damage mitigation strategies. By taking these steps, banks and credit unions can protect themselves from the growing threat of cyber-attacks.