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CU Snapshot

 September '18August '18
# of CUs5,6535,686
Members
(millions)
117.6117.6
Total Assets
($ billions)
$1,460.7$1,466.2
Total Savings
($ billions)
$1,231.6$1,236.7
Net Cap.
Assets
10.8%10.7%
Loans to Savings85.5%84.5%
Loan Delinq.0.7%0.7%

         Credit Union Indicators

Cybersecurity threats aren't going away

The biggest risk comes from staff mistakes, says security expert Jim Stickley.

Credit unions need to update their security policies and procedures regularly because the threat landscape is always changing.

That dreary outlook comes from security expert Jim Stickley, who addressed the CUNA National Credit Union Roundtable for Board Leadership in Las Vegas.

"Most of the risk comes from employees making mistakes and doing something dumb," says Stickley, CEO of Stickley on Security and co-founder of TraceSecurity, a CUNA Strategic Services strategic alliance provider. "Usually, they're unknowing participants. But the insider threat is the biggest entry point into your credit union."

While credit unions of all sizes are at risk of attack, those above the $1 billion asset mark are especially vulnerable because their networks are more complicated and additional regulations take away the focus that could be placed on security. Also, even large credit unions tend to have small information technology (IT) security teams.

Increasingly, cyber thieves are targeting specific employees, particularly IT administrators, using social networking sites such as LinkedIn.

(Via news.cuna.org)