As ransomware attacks grow more intricate, credit unions need to be constantly prepared for the worst. Matt Sawtell breaks down a recent ransomware incident and lessons learned for both the credit union and the parties involved.
In a move opposed by credit union trade groups, Senators Jon Ossoff, D-GA, Cynthia Lummis, R-WY, and Mark Warner, D-VA, introduced a new bill that would provide NCUA with oversight powers over credit union organizations and service providers, reports CUSO Magazine’s Esteban Camargo.
With self-service still at the forefront of banking, offering members features such as card controls and push notifications seems like a no-brainer. But how do these features work and what benefits will they provide your members? Nicole Cooper shares her thoughts.
The NCUA, the Cybersecurity and Infrastructure Security Agency, the FBI, and the National Security Agency are urging credit unions to “adopt a heightened state of awareness” of possible cyber threats posed by Russia following its invasion of Ukraine, reports David Baumann of the Washington Credit Union Daily.
Dave Wordhouse covers four areas where credit union executives can look to improve their cybersecurity right now.