Protecting personally identifiable information, financial data and funds is a top priority for credit unions these days. And employing fraud detection analytics as well as employee and member education can help institutions be more proactive when it comes to security.

Cybercrime organizations continue to develop fraud, malware and social engineering techniques targeting financial institutions, consumers 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 industries targeted by cybercriminals. Within the financial services industry, nearly 20 million records were breached in 2015.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).