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.