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Heartbleed Bug Update

On April 7, 2014, security researchers announced they had uncovered a bug or flaw in a key safety feature of the Internet—OpenSSL software, called the Heartbleed Bug. IMPORTANTLY, we have no indication that Heartbleed Bug has been used against any of our systems.

As you may know, OpenSSL software is one of the key technologies used to encrypt data transactions online. An indicator that a site is protected by OpenSSL is the signature padlock displayed in the browser. The Heartbleed Bug allows attackers to retrieve sensitive information such as usernames, passwords and credit card details from servers running the affected versions of the software. You should know the encryption used by our Online Banking platform is not vulnerable to the Heartbleed Bug. Our Online Banking webservers do not use the version of the OpenSSL library that is vulnerable to this Bug.

Data security is of paramount importance to LG&W Federal Credit Union. LG&W Federal Credit Union takes our responsibility to process transactions safely, securely, and reliably very seriously. As part of that responsibility, we utilize a regularly updated combination vulnerability intelligence and industry leading technology to scan for vulnerabilities as well as detect and respond to potential threats to our collective security. We employ dedicated security and technology teams to oversee our systems on a 24/7 basis, enabling us to react immediately to potential vulnerabilities like the Heartbleed Bug or other threats.

We appreciate the opportunity to serve you, and will continue to provide updates on this or any other emerging security issues as they arise.


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