Cybersecurity vulnerabilities among credit unions and vendors create the potential for large financial impacts to the credit union industry. Leaked employee credentials are used to deploy ransomware and other sophisticated cyber attacks. The financial impact of an attack on just one vendor could exceed $1 million for large credit unions. 48% of credit unions may have possible critical vulnerabilities due to out-of-date systems. The inability to update and patch network software enables hackers to exploit well-known security issues, Black Kite report says.
Source: https://www.helpnetsecurity.com/2021/03/22/credit-unions-cybersecurity/