What's at Stake if a Credit Union Is Breached?
The financial industry experienced the second-highest data breach cost in 2023, according to IBM. This includes breaches that affected credit unions as well as other financial institutions. But, despite costs, what else is at stake if a credit union is breached? If a credit union is breached, customer Personally Identifiable Information (PII) is at risk of being exposed and used for malicious purposes such as identity theft and fraud.