How Credit Unions Can Be Proactive About Brand Impersonation
Despite the best efforts of many credit unions to educate their members about online and mobile fraud, attackers continue to victimize credit unions and their members via cyber scams. Cybercriminals believe that the customer constitutes the weakest link in the cybersecurity chain, which is why they tend to focus most of their efforts on tricking customers into revealing important information.
Criminals also know that by targeting large financial institutions, they have a higher chance of success based on sheer numbers. These banks have hundreds of thousands of depositors spread out across the country. But in recent years, cybercriminals have become a lot more ambitious, and it’s now quite common for small local credit unions, and their members, to also be targeted. According to a recent...
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