Almost half of all phishing attacks, which involved fraudulent email messages or copycat websites that appear legitimate, registered in 2016 by heuristic detection technologies looked to steal their target’s funds. Last year, Woburn, Mass.-based Kaspersky...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Who’s Optimistic About Retirement?
It certainly isn’t the case for all American workers, but the respondents to a survey from T. Rowe Price are certainly in a good frame of mind about their potential for an ideal retirement. The study, “Understanding Investor Attitudes Toward...
CU Employee Indicted for $1.6 Million Embezzlement
It took nearly three years for federal prosecutors to indict a former bookkeeper who allegedly stole $1.6 million from a credit union vault. A federal grand jury in Milwaukee, Wis., indicted Melisa A. Beyer on Feb. 14 with one felony count of embezzlement and one...
Will New York Reshape the Financial Regulatory Landscape?
A New York state regulation, which takes effect March 1, requires financial institutions to provide minimum cybersecurity standards and report breaches to regulators in an effort to limit consumer losses. New York’s Department of Financial Services regulates...
Who Americans Trust, Don’t Trust with Credit Card Data
Americans may have more tolerance for card fraud than citizens of some other countries, and about a third feel credit unions and community banks are best at protecting card and account information, according to a new study by e-payments firm ACI Worldwide and research...
NCUA Board Keeps 18% Interest Rate on Most Loans
The NCUA board on Thursday approved a staff recommendation to maintain the 18% interest rate ceiling for most loans made by federal credit unions. Voting unanimously, the two-member board agreed that lowering the ceiling would place credit unions at a competitive...