April 23, 2020 | Devon Wilson | Backup, Cybercrime, Disaster Recovery

A crisis is not the time to discover that your backup and recovery solutions do not work. The current climate of COVID-19 leaves many credit unions vulnerable to fraudsters stealing personal information, money, transaction records and other valuable data. Recently, the FBI reported that there is an increase in business email compromise (BEC) scams that […]

March 18, 2020 | Devon Wilson | Backup, Disaster Recovery

As the cloud computing network grows in financial institutions, so do the methods cybercriminals use to breach important, sensitive information. It’s not fun to think about threats, but what’s less fun is thinking about how you’ll snap back after one.  The financial services sector is the most frequent target of cyberattacks, and scammers and fraudsters […]

March 13, 2020 | Devon Wilson | IaaS

In an ever globally-connecting world and one that is always “on,” you’ll need the right approach to innovation in order to stay afloat. The behaviors, expectations, and needs of customers are changing, and credit unions must adapt if they want to remain competitive. A Deloitte report on the global banking outlook for 2020 refers to […]

January 27, 2020 | Devon Wilson | Cloud Computing

  In 2020, if you haven’t switched to the cloud, there’s no way around it. You’ll likely be doing it soon! If you’re wary of the cloud, take a closer look at the major benefits of a cloud computing solution.  Understanding the moving parts of your holistic solution Infrastructure as a Service (IaaS) incorporates the […]

January 20, 2020 | Devon Wilson | Disaster Recovery

  Credit unions are no stranger to the physics of Murphy’s law. If something can go wrong, it will. In an age where cybercrime is hotly discussed and natural disasters crop up when they are least expected, it’s crucial to understand the potential risks of losing data as a credit union. Risks can be natural […]

December 26, 2019 | Devon Wilson | Cybercrime, Email Scam, Phishing

From large to small, the financial services sector is often the target of email phishing schemes and other malicious attacks, and credit unions are no exception. The FBI reports that Business Email Compromise or Email Account Compromise (BEC/EAC) has seen a surge in those types of attacks, now a “$26 billion scam.” These exorbitant losses […]

December 19, 2019 | Devon Wilson | Backup, Cloud Computing

The cloud will explode in 2020, and financial services will be at the forefront of this surge. In comparison to insurance and healthcare, financial services have seen the biggest growth in cloud computing adoption “beyond basic cloud maturity.”  LogicMonitor’s Cloud Vision 2020: The Future of the Cloud Study reports that 83 percent of enterprise workloads will […]

November 25, 2019 | Devon Wilson | Backup, Cloud Computing, Cybercrime

  For some CU executives, cybersecurity is a topic that causes them to lose sleep at night. With 2020 looming ever closer on the horizon, it’s important to be aware and prepare for the inevitability of cyber attacks on financial institutions. Cyberattacks are becoming more powerful, intricate, and in even more instances, automated. Financial institutions […]

November 19, 2019 | Devon Wilson | Cybercrime, Online Account Opening

  Reaching beyond Gen Z and millennials and into the younger generation requires a distinct approach to marketing and customer outreach. It’s forecasted that upcoming younger generations will be even more conservative with their money, but they don’t have the same approach as older generations toward financial literacy. From the beginning, be pain-free Nowadays, many […]

October 21, 2019 | Devon Wilson | Business Continuity Planning, Disaster Recovery

Most people use the terms “business continuity planning” and “disaster recovery” interchangeably, but they are two completely different strategies that organizations use to protect operations and bounce back from a disaster. What are the main differences between business continuity plans and disaster recovery plans anyway? While the exact answer varies depending on who we ask, […]