PHOENIX — In April, hackers gained access to the Associated Press' Twitter account, tweeting a false report that the White House had been attacked and President Barack Obama was injured.
Thanks to the power of social media, within seconds the report caused a major dip in the stock market.
What does that have to do with credit union liquidity risk management? According to John Myers and Adam Johnson, president and executive vice president of the Phoenix-based risk management firm C. Myers, the event illustrates how quickly credit unions could face an unexpected liquidity crisis.
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