Like many businesses, credit unions incur steep losses in reestablishing member safety following a data breach, whether online or otherwise. On average, credit unions in 2014 spent $136,000 on data security measures and $226,000 in costs associated with merchant data breaches, according to the National Association of Federally-Insured Credit Unions.
However, there are cutting-edge technologies out there can help defray this cost…and the number of data breaches that credit unions experience. One of the most salient weapons is a honeynet—or acollection of honeypots, which are virtualized decoys that mimic desktops, servers, printers and other network technology, set up to invite attack to study threat actors’ behavior. These decoy networks provide valuable intelligence about malicious activity being brought against a credit union’s network.
Threat expert A.N. Ananth, CEO of security information and event management (SIEM) company EventTracker will present “Honeynets – A Great Tool in Your Arsenal,” Wednesday, June 14, 2017, 2-2:30 p.m. PT at the Credit Union InfoSecurity Conference in San Diego, CA.
See the rest of the article from ITSP Magazine, here.