NEWS FROM THE EDGE

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Posts Tagged ‘cybersecurity’

The Tennessee Credit Union League is pleased to announce a new and exclusive partnership with Dynamic Edge, naming the company as the preferred managed IT services provider for credit unions across Tennessee. Through this collaboration, the League will connect its member organizations with a trusted IT provider that specializes in customized technology solutions for credit unions, ensuring enhanced security, compliance, and operational efficiency.
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The way we work has changed forever. As more businesses use remote work, workers connect from different places. They use their own devices to get company information on various networks. While this flexibility is great for productivity and work-life balance, it opens the door to new cybersecurity risks. Cyber threats like data breaches, phishing attacks, and insecure networks can put sensitive information at risk, leading to financial loss, damaged reputations, and legal issues. 

It’s easy to think that cybersecurity is only a concern for large corporations, but the truth is that any business with remote workers is vulnerable. The problem isn’t just owning security tools. It is building a robust, forward-thinking system that guards your data and keeps your team secure, no matter their work location. Engage with our Managed IT Services Provider in Nashville for robust cybersecurity solutions that protect your remote workforce from evolving threats.

In this blog, we will explore the common cybersecurity threats, their impact on remote work, and best practices for cybersecurity to safeguard your distributed workforce effectively.
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Top 5 Strangest (Recent) Cybersecurity Incidents

In the ever-evolving landscape of cybersecurity, the past 18 months have presented some truly bizarre incidents that serve as cautionary tales for small business owners. Let’s take a lighthearted yet informative look at five of the strangest cybersecurity events that made recent headlines.

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Cybersecurity risk assessments are very important for protecting a company’s digital future. Companies use technology more and more for everyday tasks, making digital systems more vulnerable to threats. All organizations face many threats, including complex cyberattacks, data leaks, insider risks, and system breakdowns. These threats can harm sensitive information and disrupt operations.

 A risk assessment helps companies find weak spots. They can then focus on major threats and create strategies to reduce risks. By managing risks early, companies protect their property and customer data. They also gain the trust of stakeholders and keep a good reputation in a competitive market. Engage with a Managed IT Services Provider in Nashville to leverage cybersecurity risk assessment services, identify vulnerabilities, and safeguard your business from potential cyber threats. These assessments help create a security-focused culture and support ongoing improvement, ensuring digital systems grow along with new threats. 

In this blog, we will explore what is a cybersecurity risk assessment, why is cybersecurity risk assessment important, and the benefits of conducting regular assessments to strengthen an organization’s security measures.
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Understanding the NCUA’s Cyber Incident Reporting Rule

For credit unions – and particularly those with less than $500 million in assets under management – protecting against cyber threats is more critical than ever. Financial institutions, including credit unions, are prime targets for cybercriminals due to the sensitive financial and personal data they handle.

Ransomware attacks are increasingly costly to financial organizations, with the average cost reaching $5.13 million in 2024. (1) According to CrowdStrike’s 2024 Global Threat Report phishing, ransomware, and third-party breaches remain the top cyber threats facing credit unions today. (2) Additionally, the NCUA has warned that smaller credit unions are particularly vulnerable, as they often lack the dedicated cybersecurity resources of larger financial institutions.

Recognizing these growing risks, the National Credit Union Administration (NCUA) implemented a new rule requiring all federally insured credit unions to report significant cyber incidents within 72 hours. This rule, which took effect on September 1, 2023, is designed to enhance regulatory oversight, improve threat intelligence sharing, and help mitigate systemic risks to the financial sector. By understanding this regulation and implementing strong cybersecurity measures, credit unions can better protect their members and maintain compliance. (3)
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Phishing scams are a growing concern for businesses of all sizes. These deceptive attacks target employees with fake emails, messages, and websites that steal sensitive information like passwords, financial data, or company secrets. As cybercriminals become more sophisticated, the threat of falling victim to these scams becomes more real. A single phishing attack can lead to data breaches, financial losses, and damage to your company’s reputation.

 The workplace, with its abundance of digital communication and sensitive data, is a prime target for these attacks. Interact with Managed IT Services Nashville experts to strengthen your business’s protection against phishing scams with advanced security measures and employee training. While phishing scams can seem intimidating, there are effective strategies to safeguard your business. By implementing strong security measures and fostering a culture of awareness, you can significantly reduce the risk of falling prey to these cyber threats. 

In this blog, we will explore the most common phishing scams and discuss essential strategies for safeguarding your business and ensuring a more secure working environment.
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