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Kevin Kiley

Cybercrime is a major problem for credit unions and banks. A 2014 JPMorgan study found 60% of organizations were exposed to actual or attempted payments fraud in 2013.

Likewise, 80% of fraud or attempted fraud originated from outside the organization itself. Cybercrime affects customer wellbeing and trust, hurting the reputation of businesses and jeopardizing future growth. Protecting customers is important, and taking precautions can go a long way in doing that.

Luckily, credit unions can protect themselves from cybercrime and other threats very simply. Here are five important ways to keep your credit union in good cyber shape.

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