Friday, October 4, 2013

IP Cameras: What’s Holding You Back?

If you are responsible for your credit union’s video surveillance system and are still using analog video cameras, you’ve probably been pushed at least once or twice to make the leap to IP video surveillance – or risk getting left behind in the ‘dark ages’.

Image source: Article
And it’s just as likely that you’ve already looked at the general benefits of an IP camera, weighed them against the increased system cost, and concluded that it wasn’t quite the right fit for your credit union just yet.

You wouldn’t be alone. There are several factors that can deter an organization from moving to IP video. Read a two-part blog from March Networks – America’s #1 provider of video surveillance solutions to banks and credit unions – to learn more about the pros and cons of IP video cameras.

Is now the right time for your credit union to adopt high-definition IP video surveillance?

'Remarkably Naive' as DDoS Threat Grows

Third-party experts and credit union executives—primarily speaking anonymously on the subject—said most credit unions have done nothing to protect themselves against the takedown threat, which has been increasingly linked with theft of funds at financial institutions.

Image source: Article
Two things have happened in the past year that may change how credit union executives view DDoS.

A vice president at a large Northwestern credit union said his institution relies on its online banking provider to handle DDoS mitigation. The results, so far, have been acceptable. Relying on vendors to secure critical systems may not be a cure-all, however.

What is your Credit Union's defense against DDoS?

Tuesday, October 1, 2013

Millions stolen from US banks after 'wire payment switch' targeted

Criminals have recently hijacked the wire payment switch at several US banks to steal millions from accounts, a security analyst says.

Image source: Article
The loses “added up to millions [lost] across the three banks".

The attack against the wire payment switch -- a system that manages and executes wire transfers at banks -- could have resulted in even far greater loses.

Have you followed the advice to "slow down" wire transfers?