CUs must stay on top of regulations and compliance.
According to the Identity Theft Resource Center and CyberScout, the number of data breaches in 2017 reached a record high of 1,579. This is a 44% increase over the previous record-setting high in 2016. The good news is, financial institutions did not top the list when it comes to the type of entities that were breached. The bad news is, the likelihood that your financial institution, regardless of size, will be impacted by these breaches is high.
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