Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA Mutual issues Risk Alert on cyberheists
MADISON, Wis. (12/20/12)--CUNA Mutual Group has issued a Risk Alert for its bond policyholders regarding the planned massive cyberheists said to be targeting 30 U.S. financial institutions in the Spring of 2013.

CUNA Mutual issued the alert Tuesday, noting that security firm RSA had issued a warning in October about a planned attack by a group in Russia that claimed it piloted an earlier program that infected at least 300 to 500 computers in the U.S.

Another security firm, McAfee, last week issued a report that supported RSA's findings. It indicated that "Project Blitzkrieg" is being planned for the spring, instead of the fall. See News Now's related story, "McAfee: Prepare for 'Blitzkrieg' mass fraud campaign," by using the link.

The group is targeting accounts at banks that have deployed weak authentication methods. CUNA Mutual offered risk mitigation tips to its bond policyholders and suggested they consider additional layered security controls.


RSS print
News Now LiveWire
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
25 minutes ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
33 minutes ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
44 minutes ago
New #FinCEN proposal would strengthen, clarify due diligence obligations for financial institutions. http://t.co/2yxVUXCrYA
49 minutes ago
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
20 hours ago