Thank you for tuning in to episode 8 of The CUInsight Network, with your host, Randy Smith, Co-founder of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who [...]
Organizations of every size need business plans to operate efficiently as business pressures, market risks, and technology and people-related issues constantly change. Multiple factors continually put credit union information and functions at risk, including accidental [...]
As cyber-attacks continue to grow in complexity and frequency, the need for a comprehensive data protection strategy is essential, but it may not be enough. Consider that: 73% of companies are not adequately prepared to [...]
Cyber security is a top concern for nearly all companies. While addressing cyber security is clearly a technology-centric issue, recent incidents show it is no longer only a technology issue. The integration of technology into [...]
The 2016 Data Breach Investigation Report, released by Verizon, reports that the financial industry was victim of 1,368 security incidents and 795 confirmed data breaches during the previous year. They define “incident” as a [...]
“Alexa, pay my bills.” While consumers love the convenience of connected devices to make everyday tasks like bill paying and shopping easy, they may not enjoy the potential fraud risks that come with it. The [...]
Each year, I take time to reflect on the changes that will be impacting our industry in the upcoming year. Aside from the usual regulatory challenges and never ending stream of Fintech startups, I wouldn’[...]
Thanksgiving and Black Friday have already passed, and now, for many of us, the real fun begins on Cyber Monday. While we are searching the whole web for the best deals on new clothing and [...]
Cyber criminals are continually evolving and perfecting their techniques to infiltrate systems and gather data for their own financial gain. By understanding fraudsters’ preferred strategies of attack, community financial institutions (FIs) can be more proactive [...]
Don’t shoot the messenger, but the threat of banking cybercrimes is projected to dramatically increase. In fact, fraudulent online transactions will double by 2020, according to a recent study by Juniper Research. The study, [...]
Increasing security, reducing fraud and minimizing risk are the three main ingredients of a strong and robust security strategy. But how can credit unions achieve this trifecta of protection? The basic tools and methods of [...]
The migration to EMV, sparked by the liability shift instituted by Visa and MasterCard, was primarily about upgrading terminals at the point-of-sale (POS), as well as re-issuing credit and debit cards to combat counterfeit cards [...]
The current design of the Federal Financial Institutions Examination Council's new Cybersecurity Assessment Tool, also known as CAT, sets institutions up for cyber-risk assessment failure. That's because the tool doesn't take into account the unique [...]
Fraud is becoming more and more common. In fact, according to a report released recently by the Ponemon Institute, 43 percent of companies have experienced a data breach, a figure that represents a 10 percent [...]
What does the road ahead hold for fraud prevention? As 2015 closed and 2016 begins, several themes keep recurring, suggesting both opportunities and challenges for financial institutions in 2016. One of the latest and greatest [...]
