A former assistant accountant for the $60 million WesTex Federal Credit Union in Lubbock, Texas, will spend 37 months behind bars and pay restitution of $690,000 for embezzling an estimated $500,000 from a branch of the credit union.
Former assistant accountant at Lubbock credit union gets 37 months behind bars.
On July 29, North Carolina Governor Pat McCrory signed the Financial Exploitation of Older Adults bill, which requires all financial institutions to report when they suspect someone 65 or older, or a disabled adult over 18, is being financially exploited. It also protects the liability of those making the good...
A 20-year-old waitress at a Washington state Red Robin has been arrested for alleged credit card skimming and King County authorities give credit to BECU, the $11.5 billion institution in Tukwila, Wash., for the information that broke the case.
One of the fastest growing types of fraud is elder financial abuse, which the Consumer Financial Protection Bureau tabs as a $2.9 billion annual problem.
Twenty-year-old waitress charged with fraudulently using card numbers from BECU member accounts.
Website attack tools a dime a dozen, and powerful enough to take down an unprotected credit union.
A U.S. Department of Homeland Security memo that said the May 7 distributed denial of service attacks threatened by the so-called “hacktivist” collective Anonymous against government and financial websites would be more bark than bite prove to be true.
Tuesday's the day hackers Anonymous promised to take down sites.
While exterior ATMs and night depositories offer convenience and easy access, security should be a primary concern to keep customers safe. Incidents of crime can have an impact from a brand reputation and liability perspective with lasting repercussions. Since there are no federal laws and regulations in only 13 states,...