Collaborate Disseminate
Patelco Credit Union has informed authorities that data on more than 1 million individuals was stolen in a ransomware attack this summer.
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The National Credit Union Administration is requiring all federally insured credit unions to report cyber incidents within 72 hours of discovery.
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After more than a year of legal wrangling and bureaucratic delays, a major lawsuit is moving forward against a fintech giant for its allegedly lax cybersecurity practices. A Pennsylvania credit union is taking on Fiserv, a Fortune 500 company that claims clients in over 100 countries, in a case that is a test of the legal obligations big financial firms have to protect client data. Bessemer System Federal Credit Union’s (FCU) originally sued Fiserv in April 2019. After moving to federal court, the case took on new life Tuesday when a judge in the Western District of Pennsylvania ruled that the court would hear some of the credit union’s claims against Fiserv. The credit union accuses Fiserv, one of three companies that provide the majority of digital infrastructure used by small banks, of taking cybersecurity for granted. “Rather than addressing the problems by updating its security, Fiserv continued to use […]
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Meet Bromium experts at the CUNA and NASCUS Cybersecurity Conference June 10-12, Austin, TX Talk to our experts, see application isolation in action, and discuss your credit union’s security concerns Learn how Bromium can help protect your data f… Continue reading See Bromium at CUNA Cybersecurity Conference 2019