Insights
What is a Virtual CISO, and Why is a vCISO Good for A Credit Union?
Like many other sectors, the Credit Union industry faces the ever-increasing challenges in protecting their critical IT infrastructure against both internal and external. This necessitates leadership being able to make…
Read More5 Reasons Your Credit Union Needs A SIEM System
The Credit Union industry increasingly relies on technology to offer the best possible services to its members. This creates an ever-growing technological footprint that requires constant maintenance and security. Credit…
Read More5 Ways to Protect Your Credit Union with Patch Management
Keeping all your credit union’s devices up to date with the latest operating system and software updates can be tricky, painful, and tedious. Forgoing patches or putting them off can…
Read MoreWhy Is Managed SIEM Important for Credit Unions?
Your credit union’s IT staff may have some SIEM capabilities of their own, but might you be better served by a third party?
Read MoreWhy Are Credit Unions Opting for Managed Patching?
With the increasing number of devices, applications, and vulnerabilities, many credit unions hire outside service providers to keep their environment secure, up to date, and compliant.
Read MoreArtificial Intelligence-Powered Chatbot Delivers Outstanding Member Experience
“After adding the bot to the CU’s online banking and mobile app, leaders of the organization saw a 60% containment rate in customer inquiries—that is, 60% of users who interacted with the bot finished their experience without speaking to a live human agent.”
Train your employees
Prepare and test your incident response plan
Engage third-party response professionals in advance
Make sure your backups are ready
Anti-malware software
Patch your devices
Assess your readiness
August 2021 – Cybersecurity Tip of the Month: 5 Reasons Credit Unions are switching to Virtual CISOs
Here are the 5 reasons credit unions are opting for virtual CISOs:
1. Lack of Budget
2. Difficulties Retaining Talent
3. Freeing up IT Team
4. Experience
5. Compliance
Preventing & Preparing for Cyberattacks: Incident Response Plan (IRP), Cyber Insurance, & Identifying Partners
How to build your Incident Response Plan
1. Standards-based – SANS or NIST
Defined Incident Response Team
2. Assign tasks and responsibilities to specific roles.
3. Assign someone to log the incident
4. Contact information for key staff, third parties, and law enforcement
5. Define how you will communicate ahead of time. Conference bridges, out-of-band communications.
6. Quick action response steps. Ransomware, Malware infection, Third-party breach
7. Test the plan at least annually.
8. Make sure everyone on the Incident Response Team is familiar.
9. Revise as necessary to match the current environment.
7 Ways You Can Prepare for a Ransomware Attack!
Here are seven steps you can take to help prepare your credit union for a ransomware attack.
Train your employees
Prepare and test your incident response plan
Engage third-party response professionals in advance
Make sure your backups are ready
Anti-malware software
Patch your devices
Assess your readiness
Preventing & Preparing for Cyberattacks: Cyber Attacks, Infection Vectors, & Layers of Defense
Common Types of Attacks on Credit Unions
1. Malware
2. Phishing Attacks
3. DDoS
4. Ransomware
Most Common Attack Vectors
1. Social Engineering: Phishing Emails
2. Clicking on Bad Links
3. Exploiting Vulnerabilities
Layers of Defense against Cyberattacks
1. Patching Vulnerabilities
2. Advanced Endpoint protection
3. Endpoint Isolation
4. Automated Backups
5. SOC/Monitoring: Early and Rapid Identification
6. Security Awareness Training
How Sound Credit Union Built a Foundation for Rapid FinTech Innovation
“We are moving at a pace now, where we are waiting for the business to catch up.”
“To date, we’ve mitigated over a million dollars in costs!”
Read MoreJULY 2021 – Cybersecurity Tip of the Month: 7 ways you can prepare for a ransomware attack!
Here are seven steps you can take to help prepare your credit union for a ransomware attack.
Train your employees
Prepare and test your incident response plan
Engage third-party response professionals in advance
Make sure your backups are ready
Anti-malware software
Patch your devices
Assess your readiness
Ongoing Operations & Adlumin partner to provide 24 / 7 / 365 cybersecurity for Credit Unions
HAGERSTOWN, MD. June 29, 2021. Ongoing Operations, LLC (OGO) is proud to announce its partnership with Adlumin, Inc. The two companies will work together to revolutionize the way credit unions secure…
Read MoreSecurity Advisory: Kaseya VSA – Supply-Chain Ransomware Attack
Credit Union Community, As many of you have seen reported in the news, on Friday, July 2nd, 2021, the REvil ransomware group launched a crypto-extortion campaign using an exploit of Kaseya’s VSA…
Read MoreA look at Financial Impact Analyses (FIA) for Credit Unions
What is it? A Financial Impact Analysis (FIA) helps identify and calculate possible financial loss, should there be an interruption to regular business operations. The financial impact could include the…
Read MoreTop 8 Cybersecurity Threats Everyone Should Watch Out For
2020, The Pandemic year, made us realize the importance of technology more than anything else we experienced being quarantined and secluded at home. As this happened, the cyberworld became the…
Read MoreOngoing Operations & ModusBox Partner to Revolutionize Credit Union Digital Transformation
HAGERSTOWN, MD. June 11, 2021. Ongoing Operations LLC is pleased to announce its partnership with ModusBox Inc. The two companies will work together to provide “Fin-tech Service Bus,” a term…
Read MoreMay 2021 Cybersecurity Tip: Ransomware – To Pay or Not to Pay?
One question the CISO team at Ongoing Operations is frequently asked is, “If my network is compromised with ransomware, should I pay the ransom.” Recent attacks on a pipeline operator…
Read MoreHurricane Preparedness Week
Be ready for hurricane season. National Hurricane Preparedness Week highlights the importance of planning to protect our families and communities should a storm strike our region. Determine your risk: Understand…
Read MoreMarch 2021 Cybersecurity Tip: Leveraging Threat Intelligence to Protect Your Credit Union
In the rapidly evolving cyber threat landscape, credit unions must leverage threat intelligence to quickly react to new vulnerabilities. New threats are identified daily, and good threat intelligence allows credit…
Read MoreCan the Era of “Work from Home” work for Credit Union Culture?
As more organizations consider whether to more permanently “Work from Home”, many credit union leaders are assessing how this business trend will affect the way that their credit unions operate.…
Read MoreFebruary 2021 Cybersecurity Tip: Zero Day Vulnerabilities – Protecting Your Credit Union
Hearing that one of our systems has a Zero Day Vulnerability raises the heart rate and blood pressure of our security and IT staff. But what is a Zero Day…
Read MoreJanuary 2021 Credit Union Cybersecurity Tip: Are you Aware?
AWARENESS AWARENESS AWARENESS Security Awareness, what is it and do we need it? Credit Unions typically have multiple IT systems designed to protect its technology assets from the cyber criminals. …
Read MoreTechnology Trends in the Credit Union Industry for 2021
Wow. 2020 was a dumpster fire. Fortunately, we are almost done (I think), and with the shock of forced closures, working from home, etc., we have accelerated the industries digital…
Read MoreThe Six Biggest Credit Union Patching Challenges
These are the six most common patching challenges we run into at Ongoing Operations. And certainly, your experience may reflect a different set of challenges. Still, we’d be surprised if…
Read MoreThe Basics of Managed Patching for Credit Unions
New! Need help with patch management for your credit union? Learn about our managed patching solution. Patching is a cornerstone of cybersecurity practices. It’s not glamorous, but it keeps your…
Read MoreShould Your Credit Union Move to Managed Patching?
New! View our managed patching service patch to see how we can help your credit union with patch management. Some IT tasks manage to be both tedious and time consuming.…
Read MoreDIY Patching vs Managed Patching for Credit Unions
New! Learn about our patch management service, an easy way we help credit unions with managing patches. Protecting digital information is no small task, especially in the age of COVID-19.…
Read MoreBest Practices for Credit Union Patch Policy and Managed Patching
New! Learn about our managed patching service, a patch management solution for credit unions. Almost weekly, a new patch becomes available for one of your devices. And when that new…
Read MoreSeptember 2020 Credit Union Cybersecurity Tip: Account & Permission Reviews
One of the ways our CISO as a Service team adds value for our clients is through helping Credit Unions build a governance plan for their Information Security Program. Without…
Read MoreUnderstanding Different Employee Service Packages for Office 365
Is your credit union considering a switch to Office 365? Have you already made the switch, and now you’re wondering about license tiers and employee service packages?
Read MoreThe Five Most Common Issues with Office 365 for Credit Unions
Does your credit union still use an outdated legacy version of Microsoft Office? Are you considering a switch to Office 365?
Read MoreWhat Business Problems are Solved by Office 365 for Credit Unions?
Digital transformation is rarely a simple, straightforward process. There’s almost always a need for troubleshooting and workarounds at some point. However, some digital transformation actually reduces complications. Microsoft’s Office 365…
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