BitSight

NAFCU Services Selects BitSight as a Preferred Partner

Noah Simon | August 4, 2015

Today, we are pleased to announce that NAFCU Services has selected BitSight as a Preferred Partner, giving its member credit unions access to BitSight Security Ratings. The partnership is very timely: credit unions have been increasingly targeted with cyber attacks. A recent survey found that 84.4% of credit unions were impacted by a data breach in the last two years.

These organizations also have to ensure that the third parties they work with are secure. According to Debbie Martz, the head regulator of the National Credit Union Association (NCUA), “Five (information technology) vendors serve over 50 percent of all credit unions, so there is tremendous inter-relationship and the possibility of contagion”. Thus, a security incident stemming from one key vendor could impact many credit unions and put billions of dollars at risk.

Credit unions play an important role in the American economy, and evolving cyber threats pose a great danger to these institutions and their millions of customers. We are happy to be a part of NAFCU Services’ plan to better equip credit unions to mitigate cyber risk!

Suggested Posts

What Companies Using Cloud Services Need To Know About Their Risk Responsibilities

Cloud computing is not new to the cyber world; it’s here to stay. Web services are common in our everyday lives and workplaces, with things like Facebook, Salesforce, JIRA, Adobe, and GSuite all falling into the cloud-based category. But...

READ MORE »

Joint Effort with Microsoft to Disrupt Massive Criminal Botnet Necurs

Since 2017 BitSight has been working together with Microsoft’s Digital Crimes Unit (DCU) to understand the inner workings of the Necurs malware, its botnets and command and control infrastructure in order to take disruptive action against...

READ MORE »

Forecasting and Advanced Analytics: Building a Solid Security Strategy For 2020

2020 is not only the beginning of a new year, but the start of a new decade, and with it comes the dawn of a new era for the digital world. We’re now in the midst of the once far-off, “futuristic” time periods old books and movies used to...

READ MORE »

Subscribe to get security news and updates in your inbox.