The week's security headline: The federal regulator has acknowledged that Distributed Denial of Service attacks are potentially a huge issue for credit unions and the upshot is issuance by NCUA of a risk alert offering pointers on mitigation.
Experts have been quick to weigh in with opinions on the usefulness of NCUA's counsel.
Keep in mind that two credit unions – University Federal Credit Union and Patelco – were knocked down and out by DDoS attacks in January. Others may have suffered attacks. The two that are named were identified in Web postings as victims byIzz ad-Din al-Qassam Cyber Fighters, the Middle Eastern group that has claimed authorship of the recent highly sophisticated takedowns of financial institutions.
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