News

SAN DIEGO, Calif. - Four credit unions have just committed to the Symitar Cruise core processing platform, bringing to more than 190 the number of CUs that will be running the system geared for smaller institutions, the company says. Using the system in-house will be $23.8 million Holston Methodist FCU...

SAN ANTONIO, Texas - Security Service Federal Credit Union will become the latest big credit union to use Corillian Corp.'s online banking solutions. The $3.5 billion CU will be deploying Oregon-based Corilllian's Consumer Banking application. Security Service has been using an in-house online banking system, according to the 2004 Credit...

NEEDHAM, Mass. - Credit unions that find they are spending a growing share of their information technology budget on risk management are not alone. In fact, risk management is no longer a separate category but a major driver in the financial services market, demanding "a new discipline," according to TowerGroup...

WASHINGTON - Internet auction fraud was by far the most heavily reported online crime to the Internet Crime Complaint Center (IC3) in 2004, according to a new report from the joint venture of the National White Collar Crime Center and the FBI. Those who reported the highest dollar losses, however,...

CAMBRIDGE, Mass. - Despite the news and publicity, awareness of phishing attacks is relatively low among online consumers but general e-mail fraud concerns are high. And, of keen interest to credit unions, e-mail fraud concerns appear to be impacting online financial behavior. That's according to the results of a survey...

ATLANTA - A particularly troubling appearance over the holiday season was the Santy worm, which quickly infected more than 40,000 Web sites before it was slowed down, according to SecureWorks analysts. The attacks, which were spread by Google searches for vulnerable chat and bulletin board locations, reached up to 1.2...

CAMBRIDGE, Mass. - Consumers in increasing numbers are embracing two levels of protection against Internet viruses and worms: hard security measures such as antivirus software and personal firewalls, and soft security measures such as installing ad- and spam-blocking software, according to a new report from Forrester Research. People using such...

LARGO, Md. - It doesn't matter how large or small a credit union is, NCUA has the same security rules for all of them. That's why at the $83 million Money One FCU, the CU spends a lot of time and money dedicated to securing its systems. "For a credit...