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.
Suspects charged with in website takedowns against Visa, MasterCard, Bank of America and others.
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.
Avivah Litan advises to "slow" wire transfers during attacks, which she says have been used as distraction to steal millions.