As small businesses continue to increase their use of technology and mobile access to conduct transactions, the drawback is the shift may potentially widen the space for cyber thieves to strike and drain commercial accounts in one fell swoop.
Online commercial accounts present tempting targets.
Team effort, some tips from NCUA, CUNA Mutual as seminar set for Thursday.
CUNA Mutual and NCUA provided Credit Union Times with a sneak peak into materials planned for Nov. 14 webinar.
Greylock CEO says commitment to prosecution separates credit union from others.
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.
Losses like the $3 million case involving the SBA and Alabama One can be avoided, experts say.
Focus will particularly be on small institutions, agency says.
Authorities finally captured former Taupa Lithuanian President/CEO Alex R. Spirikaitis Oct. 21, who had been a fugitive since July until he was nabbed by federal agents while walking on a sidewalk on Cleveland’s east side.