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Is Commjacking a Threat to Credit Unions?

Theres a new threat to financial institutions that goes by the name of commjacking and is believed to be the fastest-growing security threat worldwide.

By Candice Reed | Updated on June 10, 2015

There’s a new threat to financial institutions that goes by the name of ‘commjacking,’ which will hopefully catch the attention of credit unions before a new style of data breach hits them.

Commjacking is a “back door” for cybercriminals, public Wi-Fi hotspots and cellular networks that are not as secure as they need to be. CoroNet, a cybersecurity software company, coined the term to describe what it believes to be the fastest-growing security threat worldwide: the ability to hijack the communication channel between any device and the Wi-Fi and cellular networks to which the device is connected.

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