Skip to main content

Four Cybersecurity Tips for Protecting Members and Organizational Data

 

Associations are vulnerable to cyberattacks. These four steps will help get staff up to date to better protect member data and your organization.

With cybersecurity threats on the rise, it is important for associations to take steps to protect themselves and their members. Here are four cybersecurity tips to help keep your data and members’ information safe.

Employee Training

Nearly 94 percent of malware and phishing attacks are sent via email. That’s why it is essential for all employees to be aware of the importance of cybersecurity and know how to spot a potential threat. Many times, hackers will target an organization by targeting its employees. By training your employees, you can help them avoid becoming a victim of a cyber attack.

Your employees are your first line of cybersecurity defense. If your employees have the tools and training to detect cyber threats, they will be better equipped to protect your networks and data. Outfitting your employees with a strong virus file scanner is a good place to start.

Associations can also train their employees by doing annual or semiannual cybersecurity training. This can come in the form of awareness training, simulation training, and more. The average employee needs occasional cybersecurity training to be able to detect common spam or malicious threats to an organization. Training your employees will ensure that you will have competent staff that can protect your organization from cyber attacks.

Multi-factor Authentication

Multi-factor authentication is a great way to add an extra layer of security to your organization. By requiring employees to use two or more factors to authenticate, you can help prevent hackers from gaining access to your data. Multi-factor authentication is a good defense against having your login credentials compromised and has become a staple security layer in everything from online banking to crypto wallets. Since multi-factor authentication requires another form of verification, the chances of your association getting hacked decreases significantly.

If your employees have the tools and training to detect cyber threats, they will be better equipped to protect your networks and data.
You can set up multi factor authentication by connecting another form of verification to the login credentials. This often comes in the form of text messages or email verification. As soon as someone logins with their username and password, an additional code will be sent to their email address or phone number. This makes it far less likely for hackers to bypass your security with just login credentials.

Secure Endpoints

Endpoints are the devices that connect to your network. These include laptops, smartphones, and printers. Associations often have hundreds or even thousands of endpoints connecting to their networks based on how many members they have. Each new device that connects to your association's network is a new endpoint that can be used to gain access to your data. Associations can protect themselves from the threat of member devices by having a firewall and securing their endpoints.

All these endpoints need to be secured to continue to give your members access to your network while ensuring your association’s cybersecurity. By securing these devices, you can help prevent hackers from gaining access to your network. One way to do this is to require employees to use a VPN when accessing the network from an endpoint. Another way is to use endpoint protection software. This type of software allows you to see and secure all your association’s endpoints.

Antivirus Software and Firewalls

Antivirus software and firewalls can be great defenses for your organization, as they provide multiple layers of defense before anyone can access your association's data.

Antivirus software work by scanning files for malicious code and then quarantining or deleting the file if it is infected. Firewalls work by blocking incoming connections that are not authorized. By using both anti-viruses and firewalls, you can create a strong multi-pronged defense against cyber threats.

This is particularly helpful for teams within your association that do a lot of outbound communications. CoSchedule found that marketers were at higher risk of cyber attacks due to their increased communication with external email contacts. If you have any teams in your organization that do a lot of outbound work, having antivirus software and firewalls installed is essential.

By taking these steps, you can help ensure that your association is protected against cyber attacks and that you’re helping to keep your organizational and member data safe and secure.

Comments

Popular posts from this blog

NCUA Board briefed on four topics

The NCUA Board heard briefings on four topics during its meeting Thursday, including the status of the deregulation initiative, a clarification regarding existing rules applicable to brokered and reciprocal deposit arrangements, and the agency’s 2026-2030 Strategic Plan and 2026 Annual Performance Plan.   Acting Director of the Office of Examination and Insurance Amanda Parkhill provided an overview of Phase 1 of the agency’s Deregulation Project, which focuses on targeted, technical changes to remove outdated or unnecessary requirements and improve clarity. The agency made it clear that the effort will likely continue into late 2026 or early 2027, evolving over time based on policy priorities and stakeholder input.   NCUA General Counsel Frank Kressman briefed the board on brokered and reciprocal deposit arrangements and the NCUA’s FAQs on this topic. The briefing demonstrated how a brokered deposit network operates with respect to low-income designated (LID) FICUs ...

How Your Bank/Credit Union Can Fight ‘Soft Switching’ — and Even Steal a Few Accounts of Your Own

Your Members Aren't Leaving in a Huff, They're Just Fading Away. Here's How to Stop It. “Soft switching” is picking up as Americans’ financial activity continues to fragment among multiple players, according to new research from JD Power. This trend has implications both for banks and credit unions that want to retain and grow existing relationships, as well as those that would also like to expand by snapping up accounts from other institutions. Key risk:  Once someone establishes a relationship with another provider, their one-time primary financial institution risks slipping into second place — or even losing the relationship entirely. Need to Know: The average checking account customer now has three deposit accounts at different institutions, the study found. One out of five consumers moved money away from their primary financial institution in the past three months, according to the study, an increase over the 17% rate seen in the previous edition. Departures aren’t sud...

Sunday Reading - Landmine Rat Honored

  Landmine Rat Honored   Cambodia unveiled the world’s first statue honoring a landmine-detecting rat (w/photo) Friday. Magawa the rat lived to 8 years old and identified more than 100 landmines and other explosives from 2016 to 2021.  There are more than 100 African pouched rats deployed in landmine detection operations across the world. To identify mines, the rats are trained to sniff out explosive compounds like trinitrotoluene, or TNT. (The rats are not heavy enough to trigger detonation.) In Cambodia, up to 6 million landmines remain undiscovered, most planted during three decades of conflict, from the Vietnam War era through Cambodia's civil war . Since 1979, roughly 20,000 people have been killed in Cambodia, and roughly 40,000 wounded as a result of the mines. Magawa cleared more than ...

The Case for Sharing a CEO Between Credit Unions

  Embracing Collaboration: The Case for Sharing a CEO Between Credit Unions In recent years, credit unions have faced numerous challenges, from regulatory pressures to evolving member expectations. As many seasoned leaders retire, smaller credit unions often find themselves at a turning point. In this landscape, one innovative solution is gaining traction: sharing a CEO between two credit unions. This approach not only addresses financial constraints but also fosters collaboration and enhances service delivery. The Rationale Behind Sharing a CEO 1. Financial Sustainability One of the most pressing concerns for small credit unions is maintaining financial health amid rising operational costs. A shared CEO model alleviates the financial burden of hiring and compensating a full-time executive. By splitting salary and benefits, both credit unions can allocate resources more effectively, allowing for investment in member services, technology, and community initiatives. ...

Open Banking Pushes Leading Credit Unions Ahead In Race For Member Loyalty

  https://youtu.be/pUIV8hwSDCE NEW YORK—Credit unions that embrace open banking aren’t just keeping pace with competitors—they’re pulling ahead, new data show. A new report finds that innovation in digital tools and personalized experiences is emerging as the decisive factor separating credit unions that win lasting member loyalty from those at risk of losing ground. “ The 2025 Credit Union Innovation Readiness Index: Closing Gaps, Winning Members ,” a June report produced in collaboration between  Velera  and PYMNTS Intelligence, underscores innovation as a defining factor for credit union success. iStock-Korakrich Suntornnites “Facing shifting expectations from both consumers and small to medium-sized businesses (SMBs) toward digital convenience and tailored experiences, credit unions must modernize not just to compete with traditional banks, but to remain relevant to their members. The report, based surveys of 500 credit union executives, 15,000 U.S. consumers, and nea...

With Inflation High and Rates Rising, LAFCU Introduces New Adjustable Rate Mortgage

 LANSING, Mich. — As inflation remains high and the Fed continues to push up rates, Lansing Area FCU (LAFCU) has introduced a 10/6 adjustable-rate mortgage (ARM). In announcing the new offering, the $970-million credit union noted ARMs were a hallmark of the 1980s inflationary period and the mid-2000s mortgage crisis, and the product is now making a “comeback.” The loan has a fixed rate of interest for the first 10 years of the loan, after which it adjusts once every six months over the remaining 20 years. The terms apply to both new and refinanced mortgages. The Stanton familiy in their new home. “LAFCU’s 10/6 ARM loan is a low-cost ...

Loan Growth Part 3

MADISON, Wis.–Credit union loan balances rose 1.1% in February, faster than the 0.2% reported in February 2021, even as membership growth slowed significantly during the first two months of 2022, according to data released as part of CUNA Mutual’s April Trends Report. The Report, which is based on data through February, showed overall loan growth was 9.6% during the last 12 months. What is actually happening below the surface? According to the Trends Report, consistent with the trend line the analysis shows large credit unions reported significantly faster loan growth in 2021 as compared to smaller credit unions. Credit unions with assets greater than $1 billion reported loan growth of 8.4% compared to credit unions with assets less than $20 million, reporting loan growth of 0.9%. Here's a look at how credit unions performed by category, according to the newest Trends Report” ...

Meet Spokane Firefighter Credit Union (SFCU) New President/CEO - Troy Clute

Meet SFCU's New President/CEO - Troy Clute  Troy Clute serves as the President and Chief Executive Officer of Spokane Firefighters Credit Union, bringing 29 years of experience in banking and finance. His career includes extensive leadership roles across the industry, with a strong foundation in consumer lending and member-focused financial services. Troy is a graduate of the renowned CUES CEO Institute Program, having earned the Certified Chief Executive (CCE) designation—one of the highest leadership credentials in the credit union movement. His leadership is defined by strategic vision, operational excellence, and a deep commitment to serving Spokane’s firefighter community and their families. Beyond his professional role, Troy values family above all. He and his wife, Karri, have been married for 36 years and share two grown children, Kellen and Kennadie, as well as three grandchildren—Tyus, Izze, and Major—who keep life joyful and full of adventure. When he’s not leading the c...

The impact of recent bank failures could impact credit unions.

The failures of Silicon Valley Bank (SVB) and Signature Bank, combined with the FDIC’s decision to cover all depositors could have an impact on credit unions. With over 93% of their deposits uninsured, SVB appears to be the poster child for poor strategic planning. The bank got caught short when the Fed raised rates. For credit unions, the real story is the decision to cover ALL accounts regardless of the amount in the account. Where is the threat to credit unions? Credit unions had no role in the failures of SVB and Signature Bank. The threat lies in the Treasury and FDIC’s decision to guarantee the funds in every account…no matter how much was in that account. While the Treasury Secretary and FDIC Chairman Gruenberg may have felt the need to do so to restore confidence, this action just kicks the can down the road. And the road will have no end if NCUA feels the pressure to do the same thing if a similar situation hits the credit union movement. Should there be a conservatorship or...

The Unique Challenges, Opportunities for CUs in Attracting & Retaining Top Talent

Affinity FCU shares the details of its strategies, including a comprehensive benefits program. By Pam Cohen | September 09, 2024 at 09:00 AM Credit/AdobeStock Attracting and retaining top talent is an ongoing challenge for many organizations, but credit unions face a unique set of obstacles. Unlike larger financial institutions, credit unions often operate with resource constraints and have less brand recognition, which can make it difficult to compete for top-tier talent. Despite these challenges, credit unions have unique strengths that can be leveraged to attract individuals who value a strong sense of community and a supportive work environment. Being Innovative When Growing Talent At Affinity Federal Credit Union, we have implemented several innovative strategies to attract and retain top talent. One key approach is our comprehensive benefits program, which emphasize...