Credit unions are on alert but also taking a wait-and-see approach following news that a gang of Russian hackers have amassed 1.2 billion sets of user names and passwords.

The biggest risks for CUs are likely to come from spamming and spear phishing, Jeff Johnson, senior vice president of information technology at Baxter CU in Vernon Hills, Ill., and a member of the executive committee for the CUNA Technology Council, said in an interview.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.