Credit unions recover from outages caused by third-party ransomware attack

Read the original full report from Cyber Security Dive here.

Here is a brief summary of the article:

• Some data was compromised in the attack, but the extent of the damage is still being investigated.
• Credit unions have not yet reported any incidents of data theft to the National Credit Union Administration (NCUA).
• Ongoing Operations will assist affected credit unions with member notification and provide credit monitoring and identity restoration services to impacted individuals.
• The NCUA has received a significant increase in reports of cybersecurity incidents since it implemented a new rule requiring federally insured credit unions to report such incidents within 72 days.
• Despite the outages, the NCUA said that credit unions’ members’ funds are safe and that members have access to their funds and ATMs.