If your institution lost more than $500,000 to fraud last year, you’re not alone. In fact, a recent survey of 251 financial institutions showed a shockingly high 70% of them lost over $500K to [...]
Zelle fraud is a serious issue that affects countless consumers, banks, and credit unions across the country. But just how prevalent is Zelle fraud? … And can advanced artificial intelligence [...]
This Credit Union Just Did… And the Consequences Could Lead to Disaster Put yourself in your members’ shoes for a moment. You’re going about your day, shopping online, planning a family vacation [...]
Banks And Credit Unions Beware: Even After The $425 Million Equifax Settlement, Data Breaches Continue To Ravage The “Big Three” Credit Bureaus
As you may recall, in September of 2017, Equifax announced news of a massive data breach. It was one of the largest, most consequential data breaches in US history. The names, social security [...]
Last year alone, 2022, losses associated with card fraud hit a record $34.4 billion. But while this number is astonishingly high, it’s only growing worse. Over the next 10 years, card industry [...]
If you’ve ever been the victim of credit card fraud, or are a financial institution who’s been victimized, you know how painful and debilitating it can be to recover. But while it’s nearly [...]
Put yourself in your members’ shoes for a moment. You’re going about your day, shopping online, planning a family vacation and paying your bills. Then, you get an alarming call from your CU.