Enhance Your Credit Union’s Cybersecurity with AffirmX

In today’s rapidly evolving digital landscape, cybersecurity is one of the top priorities for credit unions. With increasing threats from cybercriminals, protecting member data and ensuring regulatory compliance have never been more critical. AffirmX offers powerful tools and assessments specifically designed to help financial institutions identify, address, and mitigate cybersecurity risks, all while ensuring adherence to industry best practices.

Cybersecurity Risk Assessment Tool

AffirmX’s Cybersecurity Risk Assessment Tool enables credit unions to proactively identify vulnerabilities and gaps within their cybersecurity framework. By conducting a detailed analysis of products, services, policies, and operational protocols, this tool generates a comprehensive report that includes risk scoring across various categories. These insights help institutions understand if their internal controls and incident response programs are adequate, allowing them to implement improvements where necessary.

IT Security & Vulnerability Assessment

AffirmX’s IT Security & Vulnerability Assessment takes a risk-based approach to evaluating IT security risks. The assessment is designed to help institutions understand their specific technology-related threats. It includes an online survey, a Technology Risk Profile, and a series of technology tests. By focusing on the area’s most prone to vulnerabilities, the assessment ensures your credit union can take targeted action to protect sensitive data and systems from cyberattacks.

Enterprise Risk Management Assessment (ERMA)

AffirmX also supports credit unions in implementing a robust enterprise risk management (ERM) program through its ERMA tool. This assessment evaluates the institution’s overall efforts to manage risk across all departments. By reviewing strategic documents, conducting interviews, and gathering responses from questionnaires, the ERMA provides a thorough evaluation of how well a credit union is positioned to handle cyber risks as part of its broader risk management strategy.

Comprehensive Solutions for Compliance

In addition to cybersecurity-focused tools, AffirmX offers an array of other solutions to help credit unions with compliance efforts. These include:

• The AffirmX 4-Audit & Special Report Package: A streamlined solution for conducting necessary audits.
• Fair Lending Risk Assessment: Helping ensure compliance with fair lending laws.
• Vendor Management Solution: Mitigating risks associated with third-party vendors.
• Internal Audit Outsourcing: Providing credit unions with experienced internal audit professionals.
• Loan Review Services: Ensuring compliance in lending practices.

AffirmX’s suite of cybersecurity and compliance tools helps credit unions stay ahead of emerging threats and regulatory changes. By utilizing these services, credit unions can enhance their overall cybersecurity posture, ensuring the protection of their members’ data and the stability of their operations. Email us at compliance@lscu.coop for more information.