Identifying internal fraud risks became a hot topic in 2013 as groups presented webinars and articles on the topic.
Identifying internal fraud risks became a hot topic in 2013 as groups presented webinars and published articles on the topic.
It's been encouraging to see the ample response we've received to our ongoing coverage on reputation risk as it relates to small credit union fraud. Most of the feedback has been positive, with vendors and credit union managers alike saying the issue can no longer be ignored.
Industry experts say due diligence can help credit unions avoid losses like those suffered by the $620 million Alabama One Credit Union in Tuscaloosa, Ala., and the Small Business Administration, which were defrauded of more than $3 million by a businessman.
Focus will particularly be on small institutions, agency says.
“Once you break that type of trust, there’s no turning back.”
The job duties of an NCUA examiner have some similarities to those of Credit Union Times reporters.
Here are 10 tips and strategies for helping members deal with card fraud in the year ahead.
Credit union members who opt into fraud text alerts receive texts asking them to verify or report a flagged transaction.