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Attendees listen to a seminar during NAFCU's Technology and Security conference in Austin, Texas. - Proimages photo

March 1, 2013 – Once your system has been compromised, what do you do? Credit unions learned about this potential security nightmare and more Thursday during the third and final day of NAFCU's Technology and Security Conference in Austin, Texas.

This week's conference has presented case studies, "what if" scenarios and suggested solutions credit union managers and technology systems staff will be taking home and utilizing in their efforts to protect members' data.

The conference kicked off Tuesday with a look at identity theft issues and prevention and the DDoS attacks on financial institution systems. Wednesday, conferees learned the latest on how to detect system vulnerabilities and prevent fraud.

Thursday's program wrapped up with a look at business continuity and how to prepare for the online banking exam created by the Federal Financial Institutions Examination Council.

In Thursday's sessions:

• Robert Duffy of Paradigmn Solutions International explained how credit unions can use simulation exercises to quickly respond to emergencies. He talked about how to involve partners, vendors and top management to ensure preparation programs are understood and can be initiated. Tabletop exercises were also discussed.
• Richard Conine of Hewlett Packard explained how credit unions can use current business continuity trends to increase system efficiency and reduce expenses.
• Suzette Junier of Q2ebanking talking about the online banking exam. She focused on risk, best practices and compliance.

This year, the exam will focus on credit unions' third-party relationships and business continuity planning and how both contribute to a comprehensive online banking compliance program.

The next conference on NAFCU's 2013 calendar is the Strategic Growth Conference, March 12-14 in New Orleans. Learn more online.