Protecting personal identifiable information, financial data, and funds needs to be a top credit union priority these days. Using fraud detection analytics and employee/member education helps organizations stay proactive on security.
Cybercrime organizations continue to develop fraud, malware and social engineering techniques to target financial institutions, customers and websites, often with the objective of snatching credentials to take over user accounts.
According to IBM's X-Force Research, financial services is one of the top three targeted industries for cybercrime, accounted for nearly 20 million records breached in 2015.
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