Information security is a top concern for credit unions and banks today. Most of these organizations have implemented strong perimeter security solutions which do a good job of protecting them against hackers and viruses. Unfortunately, most are not fully protected against the range of threats they face today. For many, if they have perimeter security, they think they are covered.

Centennial DeviceWall is a leading endpoint security solution that helps companies protect information against the threat from the explosion in the use of personal devices such as MP3 players, PDAs, flash drives, Bluetooth and WiFi components inside the workplace. DeviceWall supports the way IT managers and organizations want to work by providing a process-oriented approach to endpoint security.

What is the threat?

While these personal devices may appear totally innocent, the fact is that in the wrong hands these removable media devices can present a serious risk to any organization. And with the average financial impact of each security breach now exceeding US$200,000, the cost of doing nothing has never been higher.

DeviceWall minimizes the risks of data theft, unauthorized data transfer and introduction of malicious content by actively managing these devices.

What is the potential cost to a financial institution?

Financial institutions face a very unique and quantifiable threat to their business from the loss of customer data. Specific costs that could arise from just one incident of customer data theft include:

1. Loss of deposits from member defection
2. Loss of deposits from loss of potential members
3. Loss of revenue from loans serviced elsewhere
4. Loss of goodwill from negative PR
5. Cost of fines imposed by state and federal regulators
6. Cost of investigating the data theft incident
7. Cost and disruption from a rush-implementation of security software
8. Cost of lawsuits brought on by the victims

To learn more about how DeviceWall can help you protect your organization and your members/customers, select one of the links below.

• Credit Union Tech Talk
• Acceptable Use Policy Whitepaper