Protecting what your members trust you with

Ransomware Targeting Accelerating

Credit unions are high-value, soft targets with lean security teams, concentrated member data, and loan portfolios. In the first year of reporting, NCUA data shows 892 ransomware incidents were reported with 73%related to the use or involvement of a third party service credit unions depend upon.¹

CRITICAL

NCUA Regulatory Floor Rising

The 72-Hour Cyber Incident Notification Rule (effective Sept. 2023) requires forensic documentation most legacy platforms cannot easily produce. NCUA ACET examinations now explicitly score backup immutability and RTO. Credit unions above $1B in assets face annual examinations where a backup finding is a Board Risk Committee event, not an IT issue.

CRITICAL

Operational Complexity Outpacing Infrastructure

Core banking migrations, M&A activity, digital platform launches, and commercial services (treasury management, commercial lending) each introduce distinct data protection requirements. Legacy tools cover one environment at a time. Modern credit union data risk is distributed across on-premises, cloud, and SaaS simultaneously.

HIGH

Ransomware: $68M+ exposure

The Patelco case shows legacy backup cannot recover without paying. Member services halt. Core banking goes offline. Costs could be high.

CUA MRA: Multiple months of oversight

Backup findings require formal corrective action programs. NCUA issued over 300 cybersecurity enforcement actions in 2023-2024.²

72-Hour Notification Failure

Missing the NCUA’s reporting window is a separate examination finding compounding the original incident.

SOC 1 & Migration Risk

Core migration data gaps and commercial services audit findings create regulatory, legal, and reputational exposure.

Every backup snapshot is immutable from creation—by default, not by configuration. Ransomware cannot delete, overwrite, or encrypt Cohesity snapshots. A clean recovery copy always exists.

Detects anomalous data access patterns before encryption completes. Timestamps the detection event for NCUA 72-hour notification. Produces forensic audit trail automatically—no manual log reconstruction.

Strict 3-2-1 architecture with isolated cyber vault—on-premises or cloud. The clean copy remains out of reach of threat actors even when production backup infrastructure is compromised.

Examination-ready reports provide evidence on demand. Cohesity-enabled institutions are better able to achieve ‘Evolving’ or ‘Advanced’ FFIEC CAT maturity—eliminating MRA findings in the backup domain.

Continuous data protection covers both legacy core banking and new platform simultaneously. No member data falls through the coverage gap during cutover events.

One platform covers on-premises, hybrid cloud, SaaS (including Microsoft 365), and cloud-native workloads. Policy automation scales to lean IT team staffing—no enterprise-scale operations staff required.

Immutable backup eliminates the pay-or-lose-data scenario. Avg. financial institution ransomware recovery: $6.08M –22% higher than global average.³

HIGH

Automated controls documentation replaces manual workpaper prep. Removes 12–18 months of corrective action program overhead.

HIGH

Immutable backup attestation required by insurers. Without it: 40-100% annual premium escalation.4 Cohesity attestation stabilizes costs.

HIGH

Credit Unions pursuing SOC 1 for treasury management: $20-$150K.⁴ Cohesity automated documentation eliminates this cost.

MEDIUM

Replaces NAS-centric backup + cloud backup with a single platform. Reduces licensing, management overhead, and failure points.

MEDIUM