This isn't child's play, it definitely isn't funny and it very well can cost your institution money. Cyber crooks are busily scheming up ways to separate your credit union's assets from the institution. Here we have rounded up the top five things to really worry about.

* Patience May Win Out – for the CrooksAfter a breach is detected, experts pore over Internet traffic logs and, according to new research from Verizon, with financial institutions, the perpetrators often have proven themselves to be remarkably patient. "We see cases where they have probed for weeks and months before they find a way in," said Jay Jacobs, a Verizon spokesperson.

"In one case, they probed for a year."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.