Bill Nelson, president/CEO of the Financial Services Information Sharing and Analysis Center, delivered the opening keynote for the CU Times' virtual cybersecurity conference, Defending Your Credit Union Against Data Breaches.

Nelson provided a primer on the cyberthreats to credit unions and the benefits of collaborative information sharing including regulators who place value on collaboration. He described online libraries, which are available to cybercriminals and how some of these forums have tens of thousands of users buying and selling spamming services.

The evolution of currents threats includes phishing, spear phishing, drive by downloads, fake antivirus software, DDoS attacks, webinjects, account takeovers, and destructive malware. Nelson explained many of them are the result of crossover or a connection between organized crime, state sponsored espionage, and businesses.

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