Cybersecurity & Privacy

Credit unions need systems that automatically detect suspicious activity and flag it for review.

CUs must shrink their attack surface, implement granular access controls and adopt a phased protection strategy.

Legacy security and privacy tools cannot allow credit unions to achieve the results they are looking for.

Two CUSO Financial Services security incidents affect more than 100,000 persons; Abbott Laboratories Employees CU's breach impacts 36,000 members.

Smaller institutions are especially at risk, with a report finding fraud in CUs increased by over 70% in 2022.

Floridacentral CU reports 36,479 persons may have been affected, while MembersOwn CU doesn't say how many persons may have been impacted.