Links in “Cybersecurity/Data Breaches”

NCUA has announced that examiners will be assessing credit union’s ability to mitigate cybersecurity threats and to effectively respond to attacks. The Agency states that as credit unions have increased their use of online and mobile banking they have increased their risk for begin targets of cybercrimes. [5/13]

With EMV adoption far from a reality, two-step authentication, being employed now by Gmail, Twitter and Facebook, is one of three steps described here that banks can take now to better secure their transactions. [5/13]

Citing market fluctuations that have seen Bitcoin's value rise from $100 in July 2013 to more than $1,100 in December 2013, the Connecticut Department of Banking issues a consumer advisory warning of the dangers of virtual currency. [5/13]

Don't forget to register for tomorrow's FREE DDoS webinar that will bring you up to speed on how these deceptive attacks are impacting credit unions.

TrustCC, a security assessment firm that performs penetration testing for credit unions, reported that in 2013, for 63% of the credit unions tested, their employees were able gain access to the credit union’s internal network. Seventy-nine percent of the time they were able to compromise sensitive data, and escalate to domain admin privileges 58% of the time. [5/9]

Group finds issues with Atlanta-based SunTrust Bank's website, seeks to involve the bank in a self-regulatory process. When the bank refused, the group referred the bank to the CFPB. [5/9]

As part of yesterday's cybersecurity webinar, the FFIEC announced a vulnerability and risk-mitigation assessment along with a regulatory self-assessment or supervisory policies and processes to be used by FFIEC member agencies in making cybersecurity decisions to strengthen existing programs. The webinar also provided information on focus areas for management in assessing cybersecurity risks. [5/8]

The plan is for the U.S. to abandon the archaic magnetic strip technology and put a computer chip in every one of its consumers' 1.2 billion credit and debit cards over the next 18 months, finally exceeding the level of credit card security used in Mongolia and Papua New Guinea. [5/8]

DDoS attacks are like an emergency storm warning: when they arrive, you start running around your house, locking all the windows, and getting the flashlights out—all the while forgetting just about everything else. In the same way, DDoS attacks act like a smokescreen, distracting institutions from protecting against more dangerous cyber attacks. So put down the flashlights, step away from the windows, and learn what you should really be doing to defend your credit union against DDoS attacks. Register here. [5/8]

Scammers posing as investigators with the Texas Attorney General's office are accessing applicant info from borrowers and threatening to issue an arrest warrant if they don't load a prepaid debit card and send it off. [5/7]