cybersecurity
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Florida OFR, Homeland Security Dept. warn of heightened cyber concerns

The Florida Office of Financial Regulation (OFR) recently provided a notice to Florida financial institutions informing them of the heightened concern regarding potential cyber actions conducted by foreign threats. Although agencies are not aware of a specific threat at this time, it is important that credit unions remain vigilant.

This warning comes as the Department of Homeland Security has indicated there is heightened risk of a cyber-attack against U.S. targets because of increased geopolitical tension. The current environment provides an opportunity for credit unions to re-evaluate the adequacy of safeguards to protect against various types of cybersecurity risk. The heightened cybersecurity risk focuses on principles previously articulated by various banking regulators including: business resilience, authentication, system configuration, security tool, data protection, and employee training. Credit unions can apply cybersecurity risk management principles and risk mitigation techniques to reduce the risk of a cyber-attack’s success and minimize the negative impacts of a disruptive and destructive cyber-attack.

Click here to read the full notice.

LEVERAGE offers cyber security solutions for your credit union. Learn more here.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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