FinTech Magazine February 2021 | Page 86

MSU FEDERAL CREDIT UNION
86

“ So we ’ re either getting something out of it or we ’ re showing ourselves that this isn ’ t the right thing to do because our members don ’ t want it or the ROI is just not there ”

— Ben Maxim , Assistant Vice President of Digital Strategy and Innovation at MSUFCU
Tim Mielak , MSUFCU ’ s chief information security officer , has also enjoyed the organization ’ s newfound agility . “ The Lab has really caused us to look at our security review process . A traditional , classic security review process is really a gate , so we ’ ve had to develop over the past year in anticipation of doing this sort of innovation . We started to build out security systems that could rapidly adapt to the requirements of an innovation lab .” The new process allows projects to move quickly through the security protocols “ without being reckless ”.
With advances in the complexity of attacks being met by increasing layers of security , is it becoming easier to fend off threats , or much harder ? “ It ’ s getting harder in new ways ,” says Mielak , “ and easier in the old ways .”
“ It ’ s the new avenues of security that are going to start challenging us . And I ’ ll give you a great example which is artificial intelligence . AI is the buzzword . That ’ s true for products , but it ’ s also true for security . Imagine a future in , let ’ s say , five years where security is entirely based on artificial
FEBRUARY 2021