Credit unions and banks have been targeted and damaged by high-profile cybersecurity incursions, resulting in a loss of consumer confidence and a move by credit unions to upgrade security measures in the constant battle against criminal hackers.

Security threats exist at multiple points, whether via targeting the customer or as a direct threat from hackers against the industry. Problematic links in the chain range from mobile device/application vulnerabilities and email scams to ATM threats and attacks on internal credit union systems, among many others.

One important, industry-wide tool credit unions are implementing is penetration testing, conducting ongoing self-evaluation of systems, processes and policies in an effort to stay ahead of hackers. However, penetration testing is not being implemented often enough to independently serve as a reliable means of security against dynamic, rapidly changing threats.

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