Robert DicksonHas your credit union been involved in a cyber incident? If so, consider yourself part of a growing crowd. Financial institutions from Bank of America to Patelco and University Credit Union were victims, as well. In fact, cyberattacks targeting mid-market businesses were up 61% last year; if you haven’t already been hit, then it’s probably only a matter of time.

Credit unions enjoy the trust of their members. A cyber breach can damage your brand reputation irreparably. When a breach occurs, malware spreads like wildfire, and losses escalate dramatically if not quickly identified and contained. Unfortunately, cyber breaches take an average of eight months to identify, and by then it’s too late. Much like treating a serious illness, the best remedy for an advanced cyber attack is early detection and aggressive treatment.

Most credit unions now face the same cyber problems plaguing large companies like JP Morgan and Home Depot, but with limited budgets and technical resources. Faced with constant and growing cyber threats, what can mid-market credit unions do to level the playing field?

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


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


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.