Archive for August, 2009

Dan Mica is stepping down as president and CEO of the Credit Union National Association effective January 2011. Mica made the announcement to the CUNA Board and executive management team today (Thursday, Aug. 27).

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NCUA Warns of Phony Fraud Alert
Credit Union Times
The letter, which purports to be a fraud alert, has so far been received by one federal credit union. It is numbered “09-FCU-09” and deals with phishing

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Dealing with those annoying passwords
Humboldt Beacon
Christi Coffman is a Marketing Assistant with Coast Central Credit Union specializing in web design. She is a member of the Redwood Technology Consortium at

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Websense Security Labs™ ThreatSeeker™ Network has discovered that the Daqi.com Experience Center Web site has been compromised and is serving several popular exploits. A quick investigation shows that following vulnerabilities are targeted:




Daqi.com is a high-profile portal site in China with Alexa rank 586, loved by people who enjoy news all over the world. The specific URL that is compromised is hxxp://[removed].daqi.com/nokia/7s/index.htm


Screenshot of the site:



Screenshot of malicious payloads on the site:



The Web masters of the site are aware of the malicious files uploaded by the attackers to the compromised site, and are cleaning the malicious files.


Websense® Messaging and Websense Web Security customers are protected against this attack.

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Identifying Hoaxes and Urban Legends

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August 25, 2009, Alexandria, Va. – The National Credit Union Administration (NCUA) is alerting all federally insured credit unions about a fraudulent Letter to Credit Unions

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Alexandria, Va., August 25, 2009 – Membership and member share accounts grew across the board during the first six months of 2009 as people continued to seek the financial security and services of credit unions according to call report data submitted by the nation’s 7,691 federally insured credit unions.

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Aug

25

News Now on hiatus until Aug. 31

CUNA’s News Now will be on a hiatus this week and will not publish regular editions on Tuesday Aug. 25, Wednesday Aug. 26, Thursday Aug. 27, and Friday Aug. 28. However, its LiveWire tweets will continue to be posted throughout the week. Special bulletins will be posted on News Now if there are urgent developments. News Now will resume regular publication on Monday, Aug. 31.

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Aug

25

NCUA Board Member Gigi Hyland yesterday told state regulators she would prefer to see a regulatory phase in of increased authority for credit unions to make member business loans.

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Aug

25

The Federal Reserve Board has authority to provide grater relief to credit unions from the requirements of the 21-day rule under the new Credit CARD Act a they apply to open end credit, the Credit Union National Association has again advocated in a comment letter on the agency’s interim final rule it filed Thursday, August 20–the effective date of the interim final rule.

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