Cloud and BYOD vulnerability, spear-phishing, DDoS and more await credit unions in the year ahead.
The NCUA will establish a new office focused solely on agency security and continuity, but the move shouldn't have a big impact on the 2014 operating budget. Public Affairs Specialist John Fairbanks told Credit Union Times the new office will be comprised mostly of existing NCUA resources.
Agency moves in reaction to examiner danger.
A former assistant accountant for the $60 million WesTex Federal Credit Union in Lubbock, Texas, will spend 37 months behind bars and pay restitution of $690,000 for embezzling an estimated $500,000 from a branch of the credit union.
Former assistant accountant at Lubbock credit union gets 37 months behind bars.
On July 29, North Carolina Governor Pat McCrory signed the Financial Exploitation of Older Adults bill, which requires all financial institutions to report when they suspect someone 65 or older, or a disabled adult over 18, is being financially exploited. It also protects the liability of those making the good...
A 20-year-old waitress at a Washington state Red Robin has been arrested for alleged credit card skimming and King County authorities give credit to BECU, the $11.5 billion institution in Tukwila, Wash., for the information that broke the case.
One of the fastest growing types of fraud is elder financial abuse, which the Consumer Financial Protection Bureau tabs as a $2.9 billion annual problem.
Twenty-year-old waitress charged with fraudulently using card numbers from BECU member accounts.
Website attack tools a dime a dozen, and powerful enough to take down an unprotected credit union.