Many credit unions lack adequate security budgets. Cyber insurance can fill the risk gap.
Cyber insurance should be part of the defense, security expert argues.
The DDoS threat keeps growing. Third-party experts and credit union executives—primarily speaking anonymously on the subject—said most credit unions have done nothing to protect themselves against the threat, which has been increasingly linked with theft of funds at financial institutions.
Experts, executives say most have done nothing to protect against takedowns.
No major attacks, but cheap, low-grade DDoS assaults on the rise and could easily affect most credit unions, experts say.
CUNA Mutual expert says about 20% of credit unions already have said yes.