| The NCUA has recognized
that there is a problem with Network Security and has put in place an IT
Security Compliance Guide http://www.ncua.gov/letters/letters.html This guide recommends "A credit union
should consider the use of an intrusion detection system to alert it to
attacks on computer systems that store member information. In assessing
the need for such a system, a credit union should evaluate the ability of
its staff to rapidly and accurately identify an intrusion and the damage
that could occur between the time an intrusion occurs and the time the intrusion
is recognized and action is taken." To help credit unions determine their
IT Security needs NCUA has provided a checklist which can be downloaded
from http://www.ncua.gov/letters/2006/CU/06-CU-10-ENCL.xls Some items included on the checklist
are; auditing and monitoring, logging and review procedures for firewalls
and intrusion detection/intrusion prevention systems, and list of IT incidents,
intrusions, or attacks since the last examination. |
Security
is Top Priority with the NCUA |
 |
The morning news catches
your attention that a local financial institution was hacked into yesterday
and they've made the news. Unfortunately for them, the hackers obtained
all of their member information from their database and the hackers are
holding their data ransom. Could it happen to you? You have firewalls
and check logs periodically, but would you know what to look for?
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