Obama Cyber Security Advisor to Present at Amplify

In the wake of the data breaches at Target and Home Depot, among countless smaller breaches, cyber security has never been more important to credit unions and their members.

In February of 2013, President Obama issued an executive order to create a “cyber security framework” for the protection of critical infrastructure. Adam Sedgewick, senior policy advisor to the National Institute of Standards and Technology and member of the President’s digital services advisory group, led the development of that framework. Next week at Amplify, Sedgewick will lead a breakout session about the framework and how to secure critical systems.

October is the 11th annual Cyber Security Awareness Month, a national initiative sponsored by the Department of Homeland Security. NCUA Chairman Debbie Matz Wednesday urged credit unions to use this month as a time to be proactive.

“Threats from hackers, fraudsters, thieves and terrorists can come at any time, from just about any direction,” Matz said. “In the last six months, we learned about two significant vulnerabilities, Heartbleed and Shellshock, which presented serious threats to security. A credit union could be the target of an attack, or someone could try to use a credit union as a conduit to attack other businesses. With so much of our lives tethered to the flow of personal information across the internet, protecting that information is a constant responsibility.”

Matz pointed out that credit unions can serve their members not only by protecting their data internally, but by teaching members how to keep their information safe even outside the credit union.

“It stands to reason that teaching members to protect their information and their finances is as much a part of financial literacy as teaching them how to balance a budget or apply for a loan,” Matz said. “It’s all part of helping members become educated.”

Sedgewick’s breakout session, “Cybersecurity: Embrace New Technologies While Protecting Members,” will share best practices drawn from across the industry to secure critical information. Robert Mills and Todd Hutchinson, who helped Rivermark Community Credit Union develop a cutting-edge online banking system, securely tying together multiple online applications, will also share what they learned during this session.

You can still register for Amplify and plan to attend Sedgewick’s session on Thursday at 11:45 a.m. in the Spokane Convention Center’s second floor breakout rooms. 

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

Posted in Events.