WASHINGTON – Cyber-terrorists who seek to cripple or destroy the U.S. infrastructure threaten financial institutions, NCUA Chairman Debbie Matz told a CUNA Governmental Affairs Conference audience here Monday morning.
"Attacks, intended to create disruption, can crash networks but can also serve as a diversion for more damaging assaults," Matz told a packed general session. "Imagine cyber-terrorists stealing passwords from your credit union and using (it) as an entry point to gain access to every payment system and every vendor with which you have a digital relationship."
That scenario is more than just a what-if. Matz said hackers already breached a mid-sized credit union and used the credit union's passwords to access one of the larger credit bureaus.
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