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ALEXANDRIA, Va. - Federally insured credit unions may obtain new members though online applications provided they continue to verify the identities of the new members, according to a new NCUA legal opinion. "We note that the E-Sign Act does not alter the credit union's obligation to implement member identification procedures...

ALEXANDRIA, Va. - In a recent guidance letter to corporate credit unions, NCUA said corporate credit unions have been diligent in their IT security measures, but this is one area where corporates can't get lax. ".the Office of Corporate Credit Unions IT examiners have focused on ensuring the adequacy of...

Phishing is growing as fast as spam did a couple years ago, and it's in many ways more dangerous, since it can result in lost privacy and stolen money, not to mention damage to a financial institituion's reputation. Here are two charts from Forrester Research that help tell the tale...

FRAMINGHAM, Mass. - Phishing schemes will cost financial institutions in the U.S. and abroad up to $400 million in fraud losses this year and are unlikely to abate without concerted efforts to improve e-mail security and authentication technology. That figure and assessment comes from a new report by Sophie Louvel,...

ST. PETERSBURG, Fla. - Natural disasters used to be foremost on the minds of planners at PSCU Financial Services, but post 9/11 realities have changed that focus. The major CU payments processor has launched an IT infrastructure and business continuity plan aimed at ensuring continuing service in case something big...

The Linux operating system, driven perhaps by concerns of Microsoft security vulnerabilities and orphaned software as well as the appeal of open platforms, continues to make inroads into corporate America. If they're to be taken as a leading indicator, the experience of 140 large North American companies surveyed by Forrester...