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CU Snapshot

 Jun '17May '17
# of CUs5,911 5,922
Members
(millions)
111.7111.2
Total Assets
($ billions)
$1,378.8$1,369.6
Total Savings
($ billions)
$1,172.6$1,156.8
Net Cap.
Assets
10.6%10.6%
Loans to Savings79.6%79.9%
Loan Delinq.0.7%0.7%

         Credit Union Indicators

A New Way to Think About Cybersecurity

Prepare your CU to go on offense.

You've been thinking about cybersecurity all wrong, says Theresa Payton, former White House chief information officer under President George W. Bush.

"That's not your fault," explains Payton, who delivered a keynote address at the CUNA Technology Council and Operations, Sales & Service Council conferences in Orlando, Fla. "You were told to create these firewalls and install antivirus software and hunker down behind that. That isn't going to work. You need to go on offense."

Defensive systems simply can't keep up with the legion of cybercriminals who release a new deviant of malware into the wild every 90 seconds, according to Payton. Their coding acumen and technology allow them to quickly detect and circumvent obstacles in antivirus and antimalware software simply by changing a line of code.

"These systems only block about one-third of all the bad things out there," says Payton, founder and CEO of Fortalice Solutions, co-founder of Dark Cubed, and a member of two military-oriented credit unions. "That's why it's so important for you to have an offensive strategy."

Components of an offensive strategy include:

(Via news.cuna.org)