Is your Credit Union at Risk?

Is Your Credit Union at Risk?

“Internet of Things devices bring virtual ears and eyes into financial business settings, and areas where credit union employees and their customers, vendors and guests work, talk and interact,” Rebecca Herold, president of the Des Moines, Iowa-based SIMBUS and CEO of The Privacy Professor, added.

Herold warned there are growing threats IOT devices bring into credit union environments, such as:

  • Some smartphones “listen” using their microphones at all times – but what are they hearing? Video and photo apps can also capture images such as computer screens, white boards and printed documents on desks. Hacked devices can surveil and record information for extortion or something worse.
  • Wearables – such as fitness trackers and smartwatches – transmit information about activities, locations and dates, among other things.
  • Connected smart printers, copiers, fax machines and other office equipment can unintentionally create pathways between the internet and the credit union’s network.
  • Financial organization employees increasingly use digital assistants to help track activities and record meetings. This data, often kept in a cloud location indefinitely, sometimes becomes shared with unidentified third parties.

To read more on this article in the Credit Union Journal click on the link below.

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