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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.


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