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CUs SUPPORT THEIR COMMUNITIES
07/06/15 03:53 PM
Staff and Members Reach Out
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From the Editors of CU Weekly
DATA BREACHES ARE CERTAIN
|Jim McCabe, Senior Vice President, Identity Theft Solutions, VERO, LLC
07/28/15 08:59 AM
VERO Identity Theft Solutions
If Benjamin Franklin were alive today, I believe this would be his new take on his famous quote. He would recognize the inevitable fact that data breach events, like death and taxes, cannot be stopped. They certainly can be deterred and delayed, but based on the avalanche of data breach events in the past eighteen months, as well as the industry forecast for more to come, Franklin would warn, “be prepared.”
We hear about the growing laundry list of companies that are focused on finding the magic pill that will give businesses and financial institutions, as well as individuals, a sense of peace and security. These companies all pinpoint individual elements of data breach exposure and create products or services sold as “preventative” solutions. But are they truly preventive? Whether it is credit monitoring services, software encryption programs, EMV chip cards, document destruction, protective data storage offerings, etc., they’re all one dimensional solutions, fighting a multi-multi-multi-dimensional problem.
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