CUNA Mutual reports more than a dozen credit unions have suffered losses behind cybercriminals posing as members.
Company warms credit unions to be aware of scams involving home equity lines of credits and wire transfers.
Online tool targets a credit union’s risk awareness in several areas.
The Madison, Wis.-based firm invests more than $25M into CBSI to help credit unions earn more noninterest income.
From 2009 to 2013, 46% of CUNA Mutual bond claims paid involve employee dishonesty.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
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Many credit unions lack adequate security budgets. Cyber insurance can fill the risk gap.