Security and privacy on the Internet are of concern to everyone, especially regarding sensitive information, like financial records and transactions. To protect your information Hudson Valley Federal Credit Union has instituted policies and procedures for security and privacy. On the Internet, security and privacy are separate but related matters.
Security is largely a matter of technology.
Privacy concerns policies for keeping information confidential. Since even records kept on paper can be used inappropriately, privacy and confidentiality have been issues in banking long before the first computer was invented. However, because it can transmit so much information so quickly, the Internet has heightened people's concerns about privacy. Simply put, SSL encrypts the data and verifies the identities of the sending and receiving computers during a transaction. If your account denies you access you have been locked out.