MERRITT ISLAND, Fla. — Launch Credit Union in conjunction with Launch CUSO Holdings, LLC have announced the formation of VyFi, LLC, a CUSO that specializes in helping credit unions audit and identify cyber threats and meet regulators’ information security compliance and assessment mandates.
The CUSO “will provide premier information security services solutions to credit unions across the country though the delivery of professional information security assessments, regulatory compliance advisory services and assisting in the areas of governance and oversight,” the organization said.
Among the services the CUSO said it offers:
- Compliance with regulations and requirements
- Discovery services focused on risk and infrastructure deficiencies
- Validating the effectiveness of controls required to provide a solid security landscape
- Streamlining risk management processes and activities
Origins of Company
The credit union and CUSO noted that in the third quarter of 2021 Security Compliance Associates sold a controlling interest in their financial services division to RedZone Protects (RZP), creating Redzone Protects/ SCA, LLC. In August 2022, that entity was purchased outright by Launch Credit Union, which was one of the original investors in RedZone Protects.
According to Launch FCU, VyFi currently supports more than 170 clients ranging from $50 million to more than $ 15 billion in assets.
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