Risk control experts and credit union executives provide ways credit unions can limit losses from card data fraud.
Employee education, toolkits and member involvement can help minimize card breach damage, experts say.
Card brands haven't yet released all lists of compromised card numbers, CUNA Mutual says.
It appears that the card data security breach at card processor Global Payments Inc. may be a good deal larger than card issuers, including credit unions, may have expected.
The 2012 series begins Jan. 18 with session on fixed income markets.
CMG consultant tells CUES session in Las Vegas that formal process is a key.
CUNA Mutual's senior risk management consultant says now is the time.
Despite the documented ability of smart chips to cut fraud losses, experts say some credit unions and CUSOs have not moved very quickly to start issuing credit and debit cards enabled with the higher tech chips.
After years of steadily holding back support for embedding smart chips into U.S. issued cards, the largest card brand has announced it will now back the use of smart card technology in the U.S.
A CUNA Mutual risk management expert said an enterprise approach is needed to combat the growing threat of fraud against credit unions.