Without much fanfare, the biggest banks recently have been taking steps that, if unanswered, could quickly have profound and negative ramifications for credit unions.

“Top-tier financial institutions realize passwords are ineffective due to users picking weak ones. To compensate, organizations like Bank of America, Chase and HSBC allow consumers to opt-in for a second authentication factor using SMS or voice calls to a mobile device,” said John Steven, internal CTO at the Dulles, Va. -based security company Cigital.

In an era of epidemic insecurity, security is primed to win.

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