Key sources of risks for Credit Unions
- Credit unions deal with big amounts of sensitive financial and personal information of their customers - social security numbers, email addresses, passwords, account numbers, login details etc
- Technology is rapidly evolving and so are security risks. The adoption of AI based technology comes with its own pitfalls.
- Credit unions and individual account holders constantly face phishing attempts and identity theft attempts. In most cases, the individual receives a link which eventually asks for personal information.
How LightBeam can help
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How Credit Unions can prepare for challenges
Credit unions across the world face similar risks when it comes to data security. Associations such as the Large Credit Union Coalition are bodies that help gather and share knowledge related to data security. Sharing knowledge across the industry can help reduce for credit unions as a whole.
Automate and simplify compliance
LightBeam automates and simplifies key security measures and compliance mandated by government regulations, reducing manual effort and human error.
Identify and classify sensitive data
Classify all sensitive customer financial data within your systems, ensuring appropriate security protocols.
Data Access Control and Monitoring
Enforce robust access controls and continuously monitor data activity to detect suspicious behavior.