hacker carrying out a cyber attack at computer Credit/Shutterstock

Cybersecurity may be a top priority for the credit union industry, but there’s one looming threat that has been badly overlooked – the supply chain attack.

A recent wave of supply chain attacks by the Russian ransomware group known as “Cl0p” has brought more attention to this issue, but it’s important for credit union executives to realize this is not a short-term blip or passing phase in cybercriminal strategy. Supply chain attacks have been growing rapidly over the last few years and the problem is likely to get even worse, thanks to the rise in other associated trends such as ransomware-as-a-service and data extortion.


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