Credit unions are often prime targets for cyber criminals.

Community banks and credit unions have special appeal for cyber attackers. They maintain large amounts of financial and personal data, but are perceived to lack the same well-fortified defenses that big banks utilize. In 2017, almost two-thirds of cyber breaches targeted small businesses, up from 53% in 2016, according to the Verizon Data Breach Investigations Report.

One reason for the spike is that cyber attackers have become more organized and sophisticated, leveraging dark web chat forums and government-grade software tools. Even credit unions with strong security protocols can be tripped up through spear fishing and social engineering attacks that target an individual employee’s credentials. The good news is that financial institutions of all sizes can sharply reduce their exposure by taking these proactive measures.

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?


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 © 2022 ALM Global, LLC. All Rights Reserved.