Shownotes
Alan Ropes and Mark Ritter discuss information security, an essential topic for our listeners. Mark admits he is not a detail guy by nature, but fortunately, VyFi is a Credit Union Service Organization, and they do a great job keeping members’ information private. Tune in for valuable information on keeping your data secure.
IN THIS EPISODE:
- [2:06] Alan shares the history of VyFi and how they partner with credit unions
- [6:58] Alan describes what is involved in protecting members’ information
- [12:14] Alan advises what a credit union should demand from third-party operators to safeguard data
- [15:41] Discussion of how data breaches can occur, and Alan gives examples
- [20:26] Discussion on how to determine the risk a credit union should take, and Alan explains how his job is to help a credit union and not be an adversary
- [26:56] Alan explains what you should do immediately if you have a data breach
KEY TAKEAWAYS:
- Information security comes in many forms. VyFi dives deep into where you store your data, that you have the controls in place, are practicing them, and that they work
- Good firewalls, perimeter security and passwords are critical. Employees must also follow the rules, and the right policies and procedures must be in place. If there is a breach, handle it immediately
- VyFi operates as the pre-exam before the NCUA gets involved
RESOURCE LINKS
Mark Ritter Website
Mark Ritter LinkedIn
Alan Ropes - Email
VyFi - Website
BIOGRAPHY:
Alan Ropes is currently the CEO of VyFi, LLC. VYFI is a Credit Union Service Organization (CUSO) with 100% ownership by Florida-based Launch Credit Union. We work to enable Credit Unions to meet their NCUA and state regulatory mandates in Information Security, Governance and Compliance.