Cavion Plus Reports Surge Of Interest In Security

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Credit unions continue to express growing concerns over Internet security. Cavion Plus is reporting that during the past year the company has seen requests for its Internet security assessment service multiply by five times, from 120 requests in 2002 to 663 in 2003. The trend continues in 2004.

"We have nearly 1,000 security assessments scheduled to date, and we're projecting between 1,500 to 2,000 for the year," said Kevin Prince, product manager for Cavion Plus. Prince noted that Cavion Plus' Remote Vulnerability Assessment, has received particular interest, Prince said.

"Internet security needs to be thought of in a layered approach," Prince said. "There is not one device or piece of software that will prevent an Internet security breach. However, by instituting a combination of policies, assessments, and properly configured and monitored hardware, the risk becomes very manageable."

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Separately, Cavion Plus has introduced a new product designed to help credit union website and Internet banking sites meet regulatory requirements. Cavion Plus has joined forces with respected credit union consulting firm RSM McGladrey to offer credit unions the Website and Internet Banking Compliance Assessment Service. John Zasada, RSM McGladrey's national director of credit union compliance, said many credit unions may not be aware that their websites and Internet-based products and services are not complying with consumer protection regulations. The Cavion Plus/RSM McGladrey Website and Internet Banking Compliance Assessment provides an assessment of policies, disclosures, advertisements and other notices appearing on the CU's site. The scope of the assessment includes items and pages the credit union features on its website and/or Internet banking site.

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