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Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE
Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD
Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7
WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN.
Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN.
Spear phishing attacks savvy computer users
WASHINGTON (8/30/05)--Computer hackers are continually creating new ways to scam personal information out of even the most computer-savvy people (Silicon.com Aug. 12).
The Wall Street Journal recently reported a new wave of more sophisticated phishing attacks, dubbed "spear phishing." Most computer users have become familiar with phishing, where hackers send phony e-mails--often purportedly from financial institutions--that ask for personal information.
The more sophisticated attacks--spear phishing--are targeted at specific companies and government agencies. The crime involves phony e-mail messages designed to look like they're from the recipient's company or organization--often from an information-technology or human-resources department.
Another technique used by thieves involves tricking people into faxing their personal information. The new technique sends phony e-mails that ask people to fax sensitive information to bogus security investigators.
To avoid becoming a victim, install a firewall, update antivirus and antispyware programs, make sure your browser has updated security patches, never use e-links within e-mail messages, and never give personal information in response to urgent e-mails. Review your statements carefully, and remember that your credit union never will contact you to request personal information.
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