New Technology Is Aimed At Protecting Data In Transit From CU To Processor

Credit Union Journal, The, June, 2008 by Kevin Jepson, Technology Correspondent

Symitar will unveil a secure-communications option in an upcoming version of Episys that will, for the first time, protect confidential core data traveling back and forth between the Symitar host and its more than 600 CU clients, the data processing provider told Credit Union Journal.

Currently, unless an individual credit union is taking independent steps to encrypt transmissions with Symitar, member data is most likely traveling in “clear text” format, which can be intercepted and stolen, several Symitar credit unions have told Credit Union Journal.

Symitar clients will be able to opt to run Episys with or without the new secure communications tool, said John San Filippo, marketing manager, Symitar. Although the tool will be free as part of upcoming versions, “there is a cost in the form of performance, complexity, certificate management, and operational expense that each credit union will need to evaluate before turning this ...