SYDNEY, Australia–More than 90,000 Australian bank/credit union customers/members have had their financial details and other personal data exposed after PayID was breached via Credit Union Australia, in the second major attack on the payment management system in recent months.
THE globe
CU News From Around the Planet
GENEVA, Switzerland—Ninety-eight percent of the world’s top 100 financial technology startups are vulnerable to web and mobile application attacks, despite being well-funded, according to new research.
DUBLIN, Ireland–More than half of college students in Ireland report they have skipped lectures and classroom time in order to work jobs and make money to pay soaring rents, according to a new survey from the Irish League of Credit Unions.
OTTOWA, Canada—Canada’s federal government has launched a cybersecurity certification program for small and mid-sized businesses in hopes of increasing the attention SMBs pay to cybersecurity as well as increasing the confidence of online shoppers who buy from Canadian sites.
BUCHAREST, Romania–A credit union delegation from England and Scotland has completed a week-long trip to visit their counterparts in Romania.
COPENHAGEN, Denmark–While inconceivable to many Americans, a Danish bank has introduced a new mortgage with a negative interest rate. In other words, borrowers pay less on the mortgage than the amount borrowed, not including one-time fees.
LONE TREE, Colo.–Two Colorado credit unions hosted a representatives of a credit union from Ireland as part of what was called a “collaborative exploration of strategy and best practices.”
PARIS—Governments of approximately 15 countries, including Australia, Singapore and the Group of 7 (G7) members, have joined hands to develop a system to fight money laundering in cryptocurrencies.
MADISON, Wis.—A farmers’ cooperative in rural Kenya has commissioned a new crop irrigation system thanks to an agricultural lending product developed by World Council of Credit Unions (WOCCU) and the Kenya Union of Savings and Credit Co-operatives Ltd. (KUSCCO).
CAMBRIDGE, Mass.—Consumers in Asian-Pacific countries are some of the most advanced when it comes to digital engagement with financial services, with 73% of consumers believing they should be able to accomplish any financial task on a mobile device, a new report shows.