Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Hacker Source: Shutterstock

Despite constant efforts by credit unions to warn and educate their members about online and mobile fraud, there are some members who are fooled by fear into a scam every day.

While the crooks know consumers are the weakest link in the cybersecurity chain, some of the technology-savvy criminals are getting in through the proverbial credit union back door. According to a study conducted by the Boston-based cybersecurity firm Black Kite, which evaluated critical security controls of 250 credit unions from all asset categories identified by the NCUA and 150 associated vendors, 86% of credit unions and 76% of vendors that serve them have breached employee credentials available on the Dark Web, and 66% of credit unions and 88% of vendors have not deployed the necessary cybersecurity configurations that can protect against attacks.

Peter Strozniak

Dig Deeper


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 TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.