First-party fraud–accessing credit services with no intention of repayment–is a significant concern for credit unions and other financial institutions. And its prevention calls for a new strategy, according to Costa Mesa, Calif.-based credit reporting agency Experian.
Fraud is inevitable for financial institutions, even when diligent precautions are taken, according to experts in the credit union security space.
Epsilon is working with federal authorities and outside forensics experts to investigate the marketing firm’s recent e-mail address security breach, Epsilon parent company Alliance Data Systems Corp. said in a statement this week.
Tightening down on smart phones and a shift in focus in the fight against cyber threats are among what's ahead next year, according to Perimeter E-Security's new webinar, "Five Data Security Predictions for 2011."