FITCHBURG, Mass. - Workers' Credit Union is helping its members minimize their identity theft risks by hosting a free ID Theft seminar. Featuring Boston-based personal security consultant Robert L. Siciliano, the seminar focused on increasing awareness of the growing threat of identity theft and offered practical tips and the best line of defense against identity theft. Over 100 members attended the free event. "This seminar helps our credit union members and the community to be proactive in dealing with the growing threat of identity theft," said Workers' CU President/CEO Frederick D. Healey. According to Siciliano, identity theft will cost businesses and consumers $48 billion this year, with the average victim losing $6,700. In addition to the financial loss, victims of fraudulent activity can spend up to 175 hours over a one-year period cleaning up their records. In addition to the time and aggravation, out of pocket expenses can easily top $20,000.
From the November-09, 2005 issue of Credit Union Times Magazine • Subscribe!
Workers' CU Lends Hand in ID Theft Fight
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
A Path Chosen Prudently
In today's complicated credit card landscape, choosing the correct path between self-issuance or agent banking...
Winning the War on Cybercrime: The Four Keys to Holistic...
This white paper examines the importance of adapting to changes in fraud attacks without significant...
FFIEC Proposed Guidance on Social Media and How it Affects...
To learn how you and your institution can stay compliant with the new proposed FFIEC...
The Rise of "Mobile Commerce" and How it Affects YOU!
Could plastic cards become a thing of the past? This white paper explains what constitutes...
Key Indicators of High Performing Credit Unions
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
