Credit Union Compliance (NCUA)
The National Credit Union Administration (NCUA) is an independent federal agency that requires U.S. federally-insured credit unions to establish a security program that addresses the privacy and protection of customer records and information.
The NCUA mandates that credit unions must design and implement an information security program to control identified risks, commensurate with the sensitivity of the information. Among the considerations must be access controls on member information systems and encryption of electronic member information, including while in transit or in storage on networks or systems.
Non-compliance with NCUA results in forced disclosure of breaches to consumers and regulators.
SafeNet provides controlled access and delivers granular encryption capabilities that protect personal data from internal and external threats.
- By providing robust encryption capabilities, SafeNet secures sensitive member information throughout the credit union, whether data is at rest, in transit, or in use.
- Because it manages encryption at the field level, SafeNet’s database encryption products enable organizations to customize their security approach to ensure that sensitive data—whether a PIN number, social security number, or account number—is always protected.
SafeNet delivers multi-factor authentication and authorization capabilities that ensure only authorized access to critical data.
- SafeNet delivers comprehensive capabilities for managing client and administrative access to SafeNet’s database encryption product platform.
- Platforms can be configured so that individual administrators are granted access only to areas for which they are responsible.
- SafeNet offers robust, centralized logging and auditing capabilities for all security-related activity.