MIDDLETOWN, Pa. (9/4/12)--"Americans are 40 times more likely to be defrauded than to have their cars stolen or their homes burgled," said identity theft expert James Munton, who keynoted Mid-Atlantic Corporate FCU's second annual IT and Security Conference.
More than 100 credit union and security professionals attended.
Munton, who is an authority on identity theft and security breaches--and a career magician--focused on data-protection methods.
"No one thinks it can happen to him, but the [Federal Trade Commission] reports that every year, more than 30 million Americans are fraud victims. The first step to combating fraud is to understand it," Munton said.
From social engineering to the latest internet scams, conference breakout sessions covered vulnerability assessments and incident response plans, as well as virtual security and other new technologies that increase fraud exposure and add member convenience, said the Middletown, Pa.-based corporate.
Scott Sutherland, special agent with the Federal Bureau of Investigation, wrapped up the conference with a discussion on preventing and detecting fraud and cybercrime.
"Speakers used real-world examples of attacks on financial institutions to help credit unions better understand the techniques attackers may use to infiltrate their credit union's systems," said Richard Carberry, security administrator for Mid-Atlantic Corporate. He noted that turnout was 50% greater than last year and that the event "affirmed what we've been hearing from our members. There's a strong desire for security education catered specifically to credit unions."
The conference also included the latest virtualization trends, highlighting the rapidly growing cloud services industry. Sponsors included Arraya Solutions, Core BTS, EMC Corp., MY CU Services LLC, and Ongoing Operations LLC.
(Editor's note: The Credit Union National Association offers a number of security training events. Use the links for more information.)