17 Dec

Credit union cybersecurity: What you need to know about TLS changes

first_img 36SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Cybersecurity is in the forefront of all business owners’ minds. As we become more interconnected, we open ourselves to more potential breaches. This concern is especially prominent in the financial sector. When you’re talking about member’s hard earned dollars, there’s no room for error. There is an imminent deadline approaching that credit unions need to be aware of as it relates to credit union cybersecurity: An authentication protocol called TLS.TLS 1.0 was established in 1990, as a way to secure communications between machines, such as communication and transactions between a member’s browser and their credit union desktop and mobile banking, as well as between credit union servers and their credit union technology vendors. The protocol has been increasingly vulnerable to hackers and cyber-attacks and is particularly a threat to mobile and internet banking breaches, as well as file transfers between credit union machines and their core vendor. Due to its age, there are no fixes or patches that are able to repair TLS 1.0, leading the PCI Security Council to withdraw support of the archaic protocol effective June 30, 2018, opting instead for merchants and banks to upgrade to the more current versions TLS 1.1 and 1.2.This TLS mandate is impacting credit unions directly. The credit bureaus, and other major players, are requiring updated TLS security, and many small to mid-size credit unions use servers that don’t support TLS. Upgrading a server is expensive, but the risks associated with being out of scope on security can be detrimental. Now more than ever it is imperative to ensure your core and technology vendors stay ahead of the curve and are supplying you with the information you need to plan and budget for necessary changes. continue reading »last_img read more

17 Dec

Preventing cyber fraud as Black Friday approaches

first_imgFollowing the shopping season of 2016, the U.S. set a new record for mobile phone and tablet shopping on Black Friday with over $1.2 billion in purchases, as reported by Adobe. It was a 33% increase from the previous year, and if the trend continues, we could expect to see upwards of $1.6 billion in purchases this coming year through smartphone and tablet purchases. With all this money exchanging digital hands, you want to ensure that your members feel confident using their credit card account information while shopping online and that their private financial information is protected and secure. Be sure you are providing your members with the best credit union cybersecurity tools, such as remote control debit and credit cards.With this jump in mobile shopping, especially on Black Friday and Cyber Monday, it should come as no surprise that cyber fraud is on the rise as well. Cybercriminals are looking to capitalize on the growing online and mobile shopping trend by enticing shoppers to part with information or become less security-focused with their payment cards while on the hunt for Black Friday deals and coupons. In a report from RISKIQ following last years holiday shopping season, over 1 million apps were flagged or blacklisted for potential risk or fraudulent activity. Taking measures to ensure your members’ protection from cyber fraud is important and member education is step one in the process. 35SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

6 Oct

Move in now, pay in five years’ time has become reality here

first_imgThose who were successful in getting one of the units had the option to move in right away, rent it out, or even on-sell it.”Really there is an element of us recognising that the world has changed and responding to that,” he said. “Part of that is an exercise in finding out what the market wants and part of it is if it works here then maybe it will work elsewhere.”The 20 units, which were mostly one and two bedders with one three-bedder, were priced from $400,000 to $1m.The Reed Property Group has completed numerous residential developments along the coast including The Parks in Sippy Downs, Pelican Waters Golf Resort & Spa, The Observatory in Caloundra, M1 and Aurora in the Maroochy area. FOLLOW SOPHIE FOSTER ON FACEBOOK Deferred payment on units may well be one way to beat the investor-finance crackdown. The units were priced from $400,000 to $1m.Deferred payments were something previously only seen in private arrangements, but Mr Ash said with changes to lending laws for investors, borrowing had become harder.“What we’re doing is we’re asking for a reasonable deposit upfront, and that depends on the value of your apartment – about $60,000 for a $400,000 apartment – and we give you a five-year lease which allows you to live in it, rent it, do whatever you want and can even on-sell anytime you want.”At the end of five years, the buyer must clear the remaining purchase price for the unit, he said. The Belise has had 200 apartments already sold in Bowen Hills.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago The Reed Property Group offered five-year deferments for 20 units to close out its Belise development which has been completed in Bowen Hills.AN AFTERPAY-style “lay-by” scheme could be the next big thing in housing, with one developer offering 20 apartments where you move in now and pay in five years’ time.Reed Property Group director Richard Ash told The Courier-Mail that they took the approach to close out the last 20 units in his firm’s 228-unit Belise development in Brisbane’s Bowen Hills.“What we’re doing is a bit unique in that we’re offering deferred settlement,” he said. “We will give you access – they can certainly pay now, make no mistake – but we’re offering people the opportunity to defer for five years.”last_img read more

23 Sep

Winebarger scores big at Sunset Speedway Park opener

first_imgBy Ben DeatherageBANKS, Ore. (April 18) – Collen Winebarger was best in the Budweiser IMCA Modified field, on opening night Saturday at Sunset Speedway Park.Don Jenner took control of the lead in the early going.  The veteran driver set the pace until lap 10, when Winebarger seized the position.Once in the lead, Winebarger pulled away and dominated the rest of the distance.Craig Cassell was second and Rob Ireland was third.last_img

9 Sep

Work commitments cited for Bergin departure

first_imgPhoto © Tipperary GAA Bergin was part of last year’s All Ireland winning panel – He didn’t feature in last weekend’s League Final defeat to Galway or the semi final victory over Wexford but did start against Dublin and Waterford.The Killenaule club man also has two Munster medals with Tipp from 2015 and 2016. Tipperary senior hurling management will have to plan the championship without Kieran Bergin.It follows the Killenaule Club man’s decision to departure from the hurling squad.Tipp FM sport confirmed yesterday evening that the 31 year old had opted to leave Michael Ryan’s set up citing work commitments.last_img read more