Management

Bouncing Back After the Recession

CUs’ top planning strategies include proactive lending and mobile banking.

June 27, 2013
/ PRINT / ShareShare / Text Size +
3. Mobile malware
 
With the proliferation of smartphones and the explosion of downloadable applications, it was only matter of time before malware targeted mobile devices significant numbers.
 
That time has arrived. The number of malicious Android apps will hit one million in 2013, according to estimates from TrendMicro.
 
Malware that provides unauthorized access to mobile devices, making it possible to install other malicious programs or steal personal data, is particularly troubling for financial institutions.
 
So are the dangerous Trojans that capture mobile banking login credentials. The Zeus-like ZitMo malware, for example, is infecting 10,000 to 20,000 Android smartphones per week.
 
Your credit union must invest more in mobile malware detection and prevention to keep pace with increasing threats. Tell members about your ongoing security efforts and teach them how to protect themselves from mobile malware.
 
NEXT: Lending rebound

Post a comment to this story

heroes

What's Popular

Popular Stories

Recent Discussion

Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

Your Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?

View Results Poll Archive