Improving your board’s performance with next-gen candidates

Best practices for board renewal with a focus on diversity of skillsets, thinking and demographics

Jim Woodrum believes that credit unions have “Hotmail directors in a WannaCry world.”

In case you’re not familiar with these technologies, let’s break it down.

Hotmail was a web-based email service launched in 1996. It was quickly bought by Microsoft and has since been replaced with Outlook.com, though old, active hotmail.com email addresses still exist.

WannaCry is a ransomware cryptoworm—malicious software that cybercriminals use to extort money from individuals or organizations by encrypting valuable data or files so the owner can no longer access them. Victims must then pay a ransom to the attackers to regain access. WannaCry rose to public consciousness in 2017 during an attack that affected hundreds of thousands of systems globally, including those of FedEx and Honda.

 

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