Links in “Cybersecurity/Data Breaches”
- Expect Greater NCUA Scrutiny of Your Cybersecurity Programs
Jay Isaacson, VP of Commercial Products for the  CUNA Mutual Group, says that NCUA is working closely with other regulators on the cybersecurity issue and credit unions should expect to have their cyber security programs subjected to greater scrutiny by their examiners. Isaacson identifies the four most common breaches and provides risk management considerations. [7/17/14]
- Warn Your Members about Hotel Business Centers
Computers at hotel business centers, where security measures are often very lax, have become the latest target of cyber thieves. Criminals recently installed keylogging software at multiple hotel locations in the Dallas/Ft. Worth area that captured usersâ every key stroke, including logins and passwords. [7/17/14]
- Considerations on Where to Store Your Data
Where you store your data is a key factor in shielding it from prying eyes. Here are some factors you should weigh before making that decision for your corporate and customer data. [7/15/14]
- With Remote Deposit Capture Growing in Popularity, Can Fraudsters Be Far Behind?
Mobile apps that allow customers to deposit checks via their smart phones are a boon for both banks and their customers. But if history is any indicator, fraudsters will soon be seeking to take in a piece of that boon. How can financial institutions prepare? [7/14/14]
- How States Are Entering the Cybersecurity Fray
Some states, such as New York, California and Massachusetts, are leading the charge in conducting cybersecurity audits of banks. Some are finding smaller banks to be lagging behind their larger counterparts. [7/14/14]
- Security Myths
Although cybersecurity is a relatively new topic, there is already a healthy mythology about how to do it properly. Unisys President Bob Olson dispels 5 myths about bank IT security. [7/11/14]
- Look Out! HijackRAT and Svpeng Are on the Loose
The speed with which hackers can create new strains of viruses is shocking. We already have some new attackers like HijackRAT and Svpeng that are causing mischief for institutions of all shapes and sizes. This article delineates five ways financial institutions can defend themselves against this mobile malware. [7/10/14]
- Biometrics at Your Credit Union?
Yes! Service 1st FCU is among the first credit unions to take the plunge and now offers fingerprint scanning to its members. CIO Jay Reed says, "Biometrics was the next obvious step in privacy and security â especially in a busy, open lobby." Read this article to find out more about what it's like to use this new-age technology in your institution. [7/10/14]
- Cyber Security Summit
The Securities Industry and Financial Market Association (Sifma) has proposed that a council discussing forthcoming cyber security issues would be meritorious. They worry that the next trend of attacks will be more harmful than the last, perhaps completely wiping out books, records, and account balances all together. [7/8/14]
- Mastercard Extends Zero Liability to ATM and PIN Transactions
Mastercard has announced that it is extending its zero-liability policy to pin-based debit card and ATM transactions for U.S. cardholders in an effort to calm consumer concerns about recent major data breaches. Credit unions were quick to point out that this is already a standard practice in most of their shops. [7/8/14]
