The number of credit unions that have been hit by lawsuits alleging patent infringement keeps growing.
No major attacks, but cheap, low-grade DDoS assaults on the rise and could easily affect most credit unions, experts say.
Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.
This preview from next week's print edition continues tech writer Robert McGarvey's look at the changing core processing industry for credit unions.
“We have no defenses against large-scale DDoS. None." The threats might not always be so idle.
Somebody is winning. Somebody is losing. Just don’t expect an easy to decipher who will win the battle in this update on the credit union core systems war.
At CUNA’s Governmental Affairs Conference last week in Washington, dozens of CUSOs set out to make their presence felt and their voices heard.
As takedowns resume, the industry considers its options: Respond or not respond? Meanwhile, vendors seek to make response affordable.
Kirk Drake, president/CEO of Ongoing Operations LLC, is looking to CUNA’s conference next week as a way to play up what CUSOs are, aren't.
Big banking tech companies recently have been hungrily gobbling up smaller companies and the question is, Will this consolidation continue? The other question, Is this good, or bad, for credit unions?