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CUNA’s Governmental Affairs Conference offered guest speakers, educational opportunities and insights from our government leaders – all providing valuable information. But one key message delivered by NCUA Chairman Debbie Matz stands out: Today’s credit unions face an ongoing and active threat from cyber criminals and cyber terrorists. Already, these attacks are causing significant financial and reputational damage.

Credit unions must step up their defense against online menaces, plain and simple. The potential damage of a breached credit union system – such as compromised member data and identity theft, fraudulent transfers of funds, or unauthorized access to vendors and business partners – is just too great. And unfortunately, these worries are here to stay.

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