KM6ECC
TV-Recaps-ReviewsSenate Makes Final Confirmations of 2023 Legislative Session
https://criticalreport.substack.com/p/final-2023-senate-confirmations #USPolitics #Politics #USNews #Biden #Senate #SEC #SIPC #ExportImportBank #NCUA #FDIC #PeaceCorps #USAmbassador
@KimPerales anyone have any sense if this #fdic madness is impacting credit unions and the #NCUA ? Could credit unions be a relatively safe harbor from the banking crisis? Or are credit union deposits just as vulnerable?
gtbarryCybercriminals conduct ransomware attack, causing outages at 60 credit unions, federal agency says
credit unions reported that the ransomware attack, in which cybercriminals typically lock computer systems as an extortion tactic, affected a unit of Trellance, a cloud computing firm provider used by credit unions.
#Trellance #FedComp #NCUA #banking #finance #creditunion #ransomware #malware #security #cybersecurity #hackers #Hacking #hacked
https://abc7.com/ransomware-attack-in-us-credit-union-outages-trellance-cyberattack-ncua/14133374/
Cybercriminals conduct ransomware attack, causing outages at 60 credit unions, federal agency says
Hospitals, fuel pipelines, and schools have also been disrupted by the file-locking cyberattacks in recent years, prompting the Biden administration to treat ransomware as a national security crisis.
FreemindThe NCUA, responsible for overseeing federal credit unions, received incident reports notifying them of the attack.
#Cybersecurity #Cyberattack #USA #Ransomware #Trellance #NCUA #MVFCU #CreditUnions
Cyberattack Impacts 60 Credit Unions as Tech Provider Suffers Ransomware Attack
Approximately 60 credit unions are currently grappling with service outages following a ransomware attack on Ongoing Operations, a cloud services provider widely used in the credit union sector. Thβ¦
Jon GreigThe federal agency that regulates credit unions said a ransomware attack on tech provider Trellance was causing outages at 60 credit unions across the U.S.
#Trellance #FedComp #ransomware #NCUA #creditunion
https://therecord.media/credit-unions-facing-outages-due-to-ransomware
The Laughing Muse 
So yes, keep enough cash on hand to survive 2-3 weeks (if possible), but don't worry about yoinking out every last dime.
If you're with a credit union, like I am, check that you're with an NCUA-insured #CreditUnion to know that you have similar protections on your money.
Note that there are no such provisions for money market accounts. Those are unsecured account types.
Okay, seeing more "bank run" news in the US, this time from #PacWest.
US folks, if you're with an #FDIC insured bank, the US government will replace USD$250,000 -=per account=- of your money if the bank fails.
That's:
* personal checking
* personal savings
* business checking for a sole proprietorship (if you have one)
* business savings for a sole proprietorship (if you have one)
[I think that's the key types of insured accounts that one individual can have.]
NicholasR#ncua #creditunions
Credit unions are really SOOOO much better. We wouldn't have many of the financial issues if we all used credit unions π
JL Johnson 
Same applies to credit unions. Sub FDIC for #NCUA. Though #CreditUnions are leagues better than banks and donβt fail nearly as often.
jrosenbergNCUA Chairman Todd M. Harper Remarks at the 2023 Governmental Affairs Conference, National Credit Union Administration, February 27, 2023
β Available here: https://ncua.gov/newsroom/speech/2023/ncua-chairman-todd-m-harper-remarks-2023-governmental-affairs-conference
#fintech #banking #financialservices #payments #digitalfinance #digitalpayments #regulation #supervision #prudentialregulation #riskmanagement #operationalrisk #operationalresilience #thirdpartyrisk #cyberrisk #cybersecurity #consumerprotection #financialinnovation #NCUA #creditunions
