We’ve been spending a lot of time with credit unions in the last few months. It seems like the credit union industry agrees with our general premise:
…advanced cyber security tools from HP, IBM, FireEye etc are just too expensive and too complex and there are very few good security analysts available in the market (and affordable) to hire.
Yet, regulatory mandates (GLBA, 23 NYCRR 500 etc.), customer demands and tiresome hackers are forcing credit unions to up their security game.
The Managed Detection and Response (MDR) category of companies (NetWatcher being one) has a lot of promise for the Credit Union industry. Automation brings the cost of these services into an affordable range and the value is incredible compared to legacy vendors and managed security services providers.
(ppt downloaded here)
Also, join us at The 15th annual CU InfoSecurity Conference on June 14 – 16 in San Diego.