Cornerstone Members Discuss the Fraud Landscape

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As part of its fraud and cybersecurity coverage, CreditUnions.com has featured three credit union technology leaders—two from Texas—in an article about what’s on the horizon for cybersecurity.

In today’s digital landscape, the article reads, sophisticated online criminals are running amok, and credit unions are among their No. 1 targets. According to an IBM report from 2023, financial services firms are 300 times more likely to be targeted by a cyberattack, with the average cost of a breach coming in at approximately $5.9 million.

In “What’s Keeping CIOs Up at Night?” Dave Wagner, VP of IT and CIO at University Federal Credit Union in Austin, and Charles Beierle, SVP and CIO at Randolph-Brooks Federal Credit Union in Live Oak, discuss what keeps them up at night and what’s on the horizon for 2025.

Read this article now on CreditUnions.com. No subscription necessary.