Why is managed SIEM important for credit unions?

Security Information and Event Management (SIEM) is an integral facet of your credit union’s IT department’s responsibilities. Your IT staff may have some SIEM capabilities of their own, but might you be better served by a third party?

To keep valuable credit union and member information safe, you’ll need to keep a stalwart eye on any security threats or attacks. Deploying your own internal software or technology may work for smaller applications.

However, we’ve been seeing that larger- and higher-asset-credit unions have more robust requirements. As a result, the National Credit Union Association (NCUA) is taking a closer look at these SIEM systems. What can managed, third-party SIEM offer

Detect and Respond to Threats

This is the core of SIEM service. The primary purpose is to identify and react to unusual behavior, security threats, active attacks, and breaches to your credit union’s network.

 

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