Industry News: ESG5

The Target: SRP Federal Credit Union, one of the largest in South Carolina. SRP was founded in 1960 and said it has more than $1.6 billion in assets as of 2022.

The Take: The potentially exposed data included names, dates of birth, addresses, phone numbers, email addresses, government-issued IDs, social security numbers, transaction activity and photographs of users.

The Vector: After law enforcement was notified, an investigation was conducted and they realized that hackers accessed SRP Federal Credit Union systems “at times from September 5, 2024, and November 4, 2024, and potentially acquired certain files from our network during that time.”

This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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