Credit unions greatly underestimate their potential to be targeted by a politically motivated hack attack, experts say.
Security expert tells CU Times JPMorgan and others fail to invest in enough technology to protect against system access.
Proofpoint executive says other top 10 banks were also hit in the attack, which is unrelated to JPMorgan Chase's recent data breach.
FBI agent tells CU Times he's never seen a case where three employees independently stole from the same institution without collusion.
Move comes after Palmetto Health Credit Union experienced financial losses tied to transactions in several states.
Latest charges allege Ohio men embezzled $1.9 million that led to the credit union’s collapse.
Trade group says retailers are not subject to same data security standards as credit unions.
The former assistant manager and four members of the $40M Wilkes-Barre City Employees FCU plead not guilty to a straw loan scheme.
Cards used at 51 franchised stores between Jan. 20 and Aug. 11 may have been compromised due to malware.
Two city police officers are among the members accused of defrauding the $40 million Wilkes-Barre City Employees FCU in Pennsylvania.