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The continued worldwide data breach avalanche has significantly struck the credit union industry. In late November, at least 60 credit unions were affected by a ransomware cyber-attack perpetrated on a third-party, cloud-based provider for these credit unions. By mid-December, news reports indicated these credit unions were back online but still dealing with the attack's aftermath. This incident was another example of why the NCUA continues to warn credit unions that greater cybersecurity awareness and preparedness is needed.
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