With the proliferation of smartphones and the explosion of downloadable applications, it was only matter of time before malware targeted mobile devices significant numbers.
That time has arrived. The number of malicious Android apps will hit one million in 2013, according to estimates from TrendMicro.
Malware that provides unauthorized access to mobile devices, making it possible to install other malicious programs or steal personal data, is particularly troubling for financial institutions.
So are the dangerous Trojans that capture mobile banking login credentials. The Zeus-like ZitMo malware, for example, is infecting 10,000 to 20,000 Android smartphones per week.
Your credit union must invest more in mobile malware detection and prevention to keep pace with increasing threats. Tell members about your ongoing security efforts and teach them how to protect themselves from mobile malware.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
As Congress works this week to fund the government past April 28, CUNA will be engaged in the process as it seeks to see 2 particular issues addressed: funding for CDFIs and the CFPB's exemption authority.
CUNA stands ready to work with legislators to see regulatory relief enacted into law, and the CHOICE Act is a good first step, CUNA wrote to House Financial Services Committee leadership Tuesday in advance of a hearing on the bill.