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Over the last two years, the number of online attacks targeting the customers of financial institutions has more than tripled. Fraud schemes have become so pervasive that most credit unions have to assume their member data will soon be targeted by criminals through various online attack vectors. With the recognition that attacks are imminent and ongoing, one of the most important steps a credit union can take is to make sure its around-the-clock incident response plans are up-to-date.

Phishers are becoming savvier in the timing of their threats. In today’s dynamic, always-on environment, cyber criminals continue to look for vulnerabilities in an organization’s security plans to exploit susceptible customers. Increasingly, phishers have moved to targeting organizations on long weekends and holidays.

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