Did the security standards fail in recent data breaches, or were they improperly implemented? Does it even matter?
Trade groups call for tighter security, while credit unions monitor and warn.
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?
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.
Avivah Litan advises to "slow" wire transfers during attacks, which she says have been used as distraction to steal millions.
Call it a frighteningly mixed message. In the last week of January, the al-Qassam Cyber Fighters who had been claiming the Distributed Denial of Service takedowns of some of the nation’s largest financial institutions, turned their sights on credit unions.
Security firm spots Zeus strain aimed at payroll services provider Ceridian.
Some may call it a convergence of three game-changing forces that are rewriting financial institution security at warp speed.