CORRECTING and REPLACING Credit Union Security Concerns Give Credit to SecureState's Security Program Manager
CORRECTION...by SecureState LLC
CLEVELAND--(allCUnews)--Aug. 15, 2006--The phone number in the Contact Information should be 216-927-0115 (sted 330-635-8291).
The corrected release reads:
CREDIT UNION SECURITY CONCERNS GIVE CREDIT TO SECURESTATE'S SECURITY PROGRAM MANAGER
SecureState LLC(SecureState), a premier provider of information security assessment & protection solutions, offers a Co-sourced Security Program Manager(SPM) specific with Credit Union National Association(CUNA) and National Credit Union Administration(NCUA) efforts to comply with upcoming requirements to deploy multi-factor authentication, as well as data security, debit/fraud and ID theft.
At a recent CUNA Technology Council conference, NCUA quoted Board Member GiGi Hyland, as stating, "Credit unions are all about serving their members, IT is the cornerstone from which credit unions build their delivery of services, security of member data, and compliance efforts." Hyland also addressed ongoing regulatory issues facing the NCUA and credit unions.
Though credit union industry is subject to proliferation of hundreds of regulations, only about 10% of all credit unions have staff dedicated to compliance, according to the most recent CUNA study. Most Credit Unions lack the resources necessary to adequately protect against the latest threats and comply with regulations while maintaining segregation of duties.
SecureState's SPM is a co-sourced solution that allows credit unions to set up an effective and affordable compliance program to protect customer data and meet all underlying regulations to include: Policies, Procedures and Internal Audit based on a Risk Assessment.
Pursuant to Part 748 of NCUA Rules and Regulations, credit unions must "ensure the security and confidentiality of member records, protect against anticipated threats or hazards to the security or integrity of such records, and protect against unauthorized access to or use of such records that could result in substantial harm or serious inconvenience to a member."
Robyn Darocha, CEO of Cavalier Credit Unions and newest client to SecureState added, "A big part of our NCUA audit has been about Risk Assessment and even though we are a small credit union, under 20M, our members have every right to have the same protection as if they were with a national bank. SecureState provides an affordable solution to allow us to stay compliant and do the right thing for our members."
SecureState LLC is a woman-owned SBA certified 8(a) and is headquartered in Cleveland, Ohio. SecureState is 1 of 50 companies in the nation qualified to perform onsite compliance validation assessments in accordance with the PCI and DSS. Engineers undergo and maintain both government and commercial background investigations.
Amy Vacca-Stewart, 216-927-0115