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Cybersecurity issues facing credit unions (Image: Shutterstock).

With 43% of cybersecurity attacks aimed at small businesses, credit unions must remain vigilant as cyber thieves are constantly working to undermine security protocols through back channels and hacked systems.

According to a new study by Juniper Research, cybercrime will increase 70% over the next five years. Additionally, the costs associated with these breaches will rise from $3 trillion annually to more than $5 trillion in 2024 – an average annual growth of 11%.

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