Experts continued to mull the best next steps for financialinstitutions in light of last week's release by the FBI and the Financial Services InformationSharing and Analysis Center of an unprecedented warning that criminal organizations are increasingly targetingemployee computers inside credit unions and banks.

Mixed in there was the disclosure that several money center banks – notably Bank ofAmerica and Chase – had suffered so-called Distributed Denial ofService attacks that had slowed their websites to molassesspeed.

FS-ISAC also raised its Cyber Threat Level from “Elevated” to“High,” suggesting that more dangers existed for financialinstitutions in cyberspace.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.