The safety of cloud data storage one potential threat, large credit union executive says.
The breach, which reportedly involved the theft of mag stripe data, will have a significant impact on credit unions and members.
Before 2013, Distributed Denial of Service attacks seemed to many credit union executives as something the other guys worried about. The prevailing attitude was: We’re not on anyone’s radar. We aren’t on anyone’s enemies list. Why worry?
Call 2013 the breakthrough year where, suddenly, a mobile banking feature leaped into must- have status, as another feature – once much hyped – continued to fail to win significant adoption.
As EMV heads to U.S., some predict skimming frenzy while the fraud lasts.
Employees remain the weakest link, according to new Trusteer report.
Cloud and BYOD vulnerability, spear-phishing, DDoS and more await credit unions in the year ahead.
Turning to internal staff for new mobile banking tools.
It may be too early to call it a trend but at a growing—albeit small—number of credit unions are using internal IT staff to develop mobile apps, rather than buying them off the shelf.
Cyber crooks now have more bank account login credentials than they know what to do with.