"60 Credit Unions Facing Outages Due to Ransomware Attack on Popular Tech Provider"
Around 60 credit unions are experiencing outages as a result of a ransomware attack on a popular technology provider. According to National Credit Union Administration (NCUA) spokesperson Joseph Adamoli, the ransomware attack targeted Ongoing Operations, a cloud services provider owned by the credit union technology company Trellance. The attack is having a larger impact on other credit union technology providers, such as FedComp, which provides data processing solutions to credit unions. This article continues to discuss the impact of the ransomware attack on Ongoing Operations as well as the increase in attacks against credit unions, Credit Union Service Organizations (CUSOs), and other third-party vendors supplying financial services products.
Submitted by grigby1