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Ethical Hacking and Credit Unions

Elliott Frantz, a sort of Sherlock Holmes of hackers, answers questions about threats to credit unions using the very same techniques a hacker would use.

By Candice Reed | Updated on October 07, 2015

Elliott Frantz, founder and CEO of Virtue Security, is devoted to application security—the use of software, hardware, and procedural methods to protect applications from external threats. These threats cost credit unions not only millions of dollars if hackers make their way into the systems, because websites crash and members are unable to access their accounts. In the end, credit unions lose the trust of their members.

In 2014, The National Credit Union Administration Board approved a rule to provide greater security for the credit union system by requiring capital planning and stress testing for credit unions with assets greater than $10 billion.

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