PHOENIX — A free-ranging panel at the BAI Payments Connect conference yielded this takeaway: Old frauds never die, they don’t even fade away.
The old-fashioned holdup may not hold a candle to these inside jobs, identity thefts and cyber heists, especially for crooks who want to avoid jail.
Karen Janoski of Greater Pittsburgh Police FCU says IRS/FBI investigators sought documents but that credit union not a focus in case.
Two years ago, AEA Federal Credit Union’s future looked bleak as it nearly succumbed to the greed of a lending officer who took the cooperative to the brink of collapse.
This in-depth look at a conserved and now recovering Arizona credit union is a preview from next week's print edition of Credit Union Times.
Former Clara Barton FCU employee banned by NCUA after conviction on bank fraud charge.
William Liddle already had been sentenced to 15 years in prison and ordered to pay back $25 million in restitution.
When shoppers swiped their credit and debit cards to pay for purchases at Barnes & Noble stores last year, they didn’t expect to have their card and personal identification numbers stolen. But hackers had breached point-of-sale keypad card terminals at 63 Barnes & Noble stores in nine states.
The frequency of such incidents has made data security the top legal concern of 55% of in-house counsel, survey finds.
The markets roiled several times last year, scaring investors to pull out and wait on the sidelines.