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?
This Opinion piece provides practical punditry on protecting members from holiday purloiners.
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.
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.
This Opinion piece from a cyber security specialist notes: "We often see threat actors testing tactics on credit unions and small banks."
Experts, executives say most have done nothing to protect against takedowns.
Comptroller Curry says attacks heading to smaller institutions. And that includes credit unions.
No major attacks, but cheap, low-grade DDoS assaults on the rise and could easily affect most credit unions, experts say.
Technology problems in general outstrip other factors, new Guy Carpenter report says.