SwitchThink Solutions CISO to educate leaders on latest cyberattack threats at credit union conference
PHOENIX, AZ (July 5, 2023) — Americans lost $10.3 billion to online scammers in 2022, up from $6.9 billion in 2021, according to the FBI. Ransomware attacks are on the rise and a huge threat to credit unions and their members. SwitchThink Solutions Chief Information Security Officer, John Stream, will present “Cyber Fraud and the Credit Union,“ at the 2023 National Credit Union Management Association (NCUMA) Summer Conference. During the session, he will educate credit union leaders on attackers’ latest techniques and ways credit unions can shield themselves and their members such as knowing FBI field office agents, protecting their digital brand, and educating employees and members.
Stream says to take control of cybersecurity, credit union boards, leaders, employees, and members must be vigilant, not just the IT department. “Credit unions are largely attacked by ransomware operators and organized crime syndicates who reach employees then smash and grab data and force the credit union to pay ransom or face extortion and public embarrassment,” Stream said. “They also contact members directly and threaten to release their data publicly.”
Stream led SwitchThink parent company, Desert Financial Credit Union, through two core conversions and oversaw the design and build of SwitchThink’s secure private cloud environment. He leverages his 20 years of infrastructure, networking, systems, security, compliance, and leadership background to oversee security and compliance for SwitchThink’s Cloud Solutions clients. Stream holds a computer science degree with a math minor and earned numerous information security certifications.
John Stream, Chief Information Security Officer
About SwitchThink Solutions
SwitchThink Solutions is an IT services CUSO formed in partnership with Corelation. As credit union professionals dedicated to optimizing and expanding KeyStone’s capabilities for its clients, SwitchThink has developed deep domain expertise in the areas of conversion, development, cloud hosting, and operational best practices. Clients leverage the company’s knowledge to unlock new strategic possibilities through performance improvement and rapid innovation.
Services include managed and infrastructure cloud solutions; disaster recovery as a service; development and consulting services; and conversion support services, all specifically designed for credit unions. Whether for an existing KeyStone user or for one preparing for implementation, SwitchThink experts help rapidly apply the transformational powers of KeyStone and cloud computing. Rethink what’s possible with SwitchThink. Visit switchthink.com.