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By Heather Anderson |
April 17, 2013
Final arbitration award documents obtained by Credit Union Times reveal a legal dispute between Ken Burns and the billion-dollar Tech CU, where he formerly served in the corner office.
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By Heather Anderson |
March 27, 2013
In an “amicable” decision made between Patelco President/CEO Ken Burns and the $3.9 billion credit union’s board, Burns will resign effective sometime this summer.
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By Heather Anderson |
March 18, 2013
Board chairman confirms exit of CEO of four years at $3.9 billion California credit union.
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By Robert McGarvey |
March 6, 2013
Patelco has confirmed that on Feb. 25 the large Northern California credit union was down for “around two hours” in a Distributed Denial of Service (DDoS) attack which overwhelms a web host with data, effectively knocking it out of commission.
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By Robert McGarvey |
February 27, 2013
Credit union CEO says defenses getting better and will continue to improve after two-hour takedown on Monday.
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By Heather Anderson |
February 27, 2013
The $3.9 billion Patelco Credit Union experienced its most profitable year in the Pleasanton, Calif.-based institution’s 76-year history, with a $55.5 million net profit and 1.48% return on assets. In fact, last year’s earnings were more than the total of $37 million earned from 2005 to 2011 combined.
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By Robert McGarvey |
February 20, 2013
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.
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By Robert McGarvey |
February 6, 2013
The bland name hides the lethal intent of DDoS when aimed at financial institutions, an event that has become increasingly common as dozens of large banks have recently found their online operations crippled, sometimes for days by highly skilled cyber-attackers.
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By Robert McGarvey |
January 29, 2013
California credit union second to confirm attack from Izz ad-Din al-Qassam Cyber Fighters, purportedly Iran-based.
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By Natasha Chilingerian |
January 24, 2013
California credit union garners more than 7,000 donations from members and employees.
