Links in “Cybersecurity/Data Breaches”
- Target’s 9¢ Settlement Underwhelms Bankers
A $10 million class action settlement for Target's data breach works out to about 9 cents for the 110 million potential victims. And that's just the first shortcoming of this settlement. [3/20/15]
- What We Can Learn From Hillary’s Email Fail
Technology officers and compliance officers would do well to learn from Hillary Clinton's email fiasco. [3/19/15]
- ABA to Congress: One Federal Breach Law, Not 50 State Laws, Please
ABA's cybersecurity head testifies before the House that the industry is fully behind the need to protect the cybersecurity of the nation, but that one uniform federal breach law is needed in place of disparate state laws. [3/19/15]
- Unprofessional Employee + Social Media = Major Headache for Alabama CU
An employee of an Alabama credit union allegedly posted on Facebook the names of a couple with a negative balance and uses the hashtags "perks of my new job" and "I know everyone's dirt." Firestorm ensues. Time for some social media training, anyone? [3/19/15]
- FFIEC Building Cybersecurity Self-Assessment Tool
The FFIEC has announced that it is developing a cybersecurity self-assessment tool that will allow financial institutions to identify their cybersecurity risks and help them assess their ability to manage those risks. The tool builds on the results of a pilot program conducted at 500 financial institutions and is scheduled to be released next year. [3/18/15]
- The Hottest of Hot in Cyber Security
Find out what the FFIEC considers to be the top priorities for the rest of 2015 in regards to cyber security. Spoiler: the release of a risk assessment tool tops the list! [3/18/15]
- Field-of-Membership Comments Requested
With social media and online banking on the rise, NCUA's Rick Metsger explains the need to update field-of-membership regulations. An email address, FOMSuggestions@ncua.gov, has been created specifically for comments and suggestions regarding this topic. [3/18/15]
- NCUA Warns Consumers about âNational Credit Unionâ Phishing Scam
NCUA has received reports that an online phishing scam is using a website with logo and design similar to NCUAâs website. Consumers are receiving emails directing them to a site for the âNational Credit Unionâ where they are asked to provide personal information or to transfer large amounts of money. [3/17/15]
- WordPress Vulnerable to ISIS Hacks
A Montana credit union recently discovered that the ISIS banner that suddenly appeared on its website was the result of hackers using a vulnerability in their use of the WordPress. WordPress is a popular content management program on which more than 23% of the worldâs websites are built. [3/17/15]
- Thieves Going Phishing
A recent scam is using a website and logo similar to those of the NCUA to gain personal information and steal money from consumers. The NCUA warns that this website has no affiliation, and consumers should beware of similar schemes to gain personal information or money. Those affected by this scam may contact the NCUA's Fraud Hotline toll-free at (800) 827-9650. [3/17/15]
