Search
 

Speakers Reveal Cybersecurity Tips: Onsite at ACUC

DENVER Mobile spyware and counterfeit apps emerge as growing credit union threats.

By Elizabeth Peace | Updated on July 14, 2015

DENVER – It was a hot topic at the joint America’s Credit Union Conference and World Credit Union Conference in Denver, and it’s not difficult to see why. Many of the convention’s breakout sessions focused on fraud, cyber and mobile security, and hacking, and a new trend involves attacks on smaller financial institutions, according to several of the speakers. For small credit unions, that means trying to figure out how to mitigate those risks on a budget while increasing the use of technology to attract a younger age group.

Smartphone apps are an easy way to attract younger customers because they are accustomed to using the apps in nearly every other aspect of their lives. However, it’s also an easy way for hackers to access information, speaker Tony Ferris, managing partner of the Overland Park, Kan.-based Rochdale Group, said. Third-party apps can be hacked to access the microphone of an individual’s cell phone. Once the voice is captured, it can bypass voice authentication.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.