Importance of Cyber Security
How is cybercrime affecting companies around the world? How can a company go about strengthening their Cyber Security?
Cybercrime, DoS attacks, hacking, stealing of data, ransomware and many more such cybercrimes affect companies daily. Big FinTech companies and conglomerates are able to dedicate entire teams, monumental infrastructure and vast resources towards tackling these issues but smaller credit unions and the community banks sector cannot. They must understand how to focus their organization to combat the increase of cyber attacks in the ecosystem. There is a body of regulations which outlines standards that already exist for security programs but there is a disconnect between understanding these and actually implementing them in the real world.
Buck Kulkarni breaks down what is a control or what are the groups of controls, how a board of directors can implement them to better their security programs, what is Section 748 of the NCUA body of regulations, how to relate it to NIST risk controls without spending a ton of money, without hiring excess labour or even expensive consultants.
