As time goes on, financial institutions face more serious and potentially damaging threats from bad actors looking to compromise systems and steal valuable information. These threats can lie internally or externally and be domestic or [...]
Since the invasion of Ukraine, the U.S. federal government has been monitoring potential increased vulnerabilities for U.S. businesses and infrastructure. So far, the attacks have been focused on Russia and Ukraine including denial [...]
Tensions in the Middle East are high following the U.S. government's assassination of Qassem Soleimani, Iran’s high-ranking military leader. Iran retaliated in the early hours of January 8, launching more than a dozen [...]
Almost six of 10 respondents believe it is “likely” the U.S. will suffer a massive critical infrastructure disruption within two years and 26% worry about a financial sector cyberattack. Those are among the results [...]
Cybersecurity is in the forefront of all business owners' minds. As we become more interconnected, we open ourselves to more potential breaches. This concern is especially prominent in the financial sector. When you're talking about [...]
Everyone knows that fraud, in all its forms, is expensive. According to the Association of Certified Fraud Examiners, the typical organization loses 5% of its revenue any given year to fraud. Assuming you don't want [...]
A new and somewhat unusual age of cyber-attacks is being witnessed. The growing trove of smart devices inhabiting our homes are being recruited for use in executing massive cyber-assaults across the Internet. That’s right. [...]
Everyone knows that fraud, in all its forms, is expensive. According to the Association of Certified Fraud Examiners, the typical organization loses 5% of its revenue any given year to fraud. Assuming you don't want [...]
Virtually every aspect of a credit union’s business poses some type of risk. But, we continue to see significant losses and growing, changing risks related to cyber. Credit unions that stay current on risk [...]
This week at CUNA's Governmental Affairs Conference, Ted Koppel was a keynote speaker, discussing his latest book "Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath." It was a fitting discussion for credit union [...]
More than 90% of the respondents in Radware’s annual study reported they experienced cyber-attacks in 2015. Not one industry, including financial services, were immune to cyber-attacks and few were prepared, according to the Israel-based [...]
The Federal Financial Institutions Examination Council issued a statement, “Cyber Attacks Involving Extortion,” Tuesday alerting financial institutions of the increasing frequency and severity of this particular breed of cyber attacks. Cyber attacks against financial institutions [...]
Last evening, Senate Majority Leader Mitch McConnell filed a motion for the Senate to take a procedural vote on S. 754, the “Cybersecurity Information Sharing Act,” later this week. NAFCU has urged lawmakers to secure [...]
by: Nicholas Ballasy Retails associations have accused CUNA and NAFCU of using misleading arguments on data security in the media and before Congress. The Retail Industry Leaders Association, National Retail Federation, National Association of Convenience [...]
In the latest May issue of Credit Union Magazine, the Credit Union National Association's BITS Liaison Task Force detailed how cybercriminals are using malware, phishing, and social engineering to steal information from credit unions and [...]
