LAS VEGAS – Social engineering causes most fraud; credit unions must prep for identity theft.
The attacks follow a March 2014 compromise at Sally Beauty Holdings.
Almost 40% of large companies aren't taking the necessary measures to protect their mobile apps.
A new bank funds transfer scheme uses a mixture of phishing, malware and phone calls.
New study reveals nearly half of large companies are leaving their apps vulnerable to attacks.
Many credit unions lack adequate security budgets. Cyber insurance can fill the risk gap.
In 2014, 73% of companies have the necessary safeguards in place, compared to 67% in 2013.
Public relations, competition and unwanted scrutiny from regulators are preventing cyberattack information sharing.
Read about the fraught nature of the third-party vendor relationship in credit union cybersecurity and compliance.
Most credit unions keep sensitive personal information in their files–names, Social Security numbers and account data–that identifies customers and employees. When sensitive data falls into the wrong hands, it can lead to fraud and identity theft.