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 trends and integrate risk management into their day-to-day business plans and operations are more likely to minimize their losses. In light of this, here are three cyber risk management insights every credit union should have on their radar.

1. Ever-changing malware forms make detection by antivirus software nearly impossible.
   Credential-stealing malware distributed in spear phishing attacks are a frequent cause of data breaches. Innovative attack strategies, such as Advanced Persistent Threat-related attacks, have created significant concern for IT professionals across the globe.

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