A CUNA Mutual risk management expert said an enterprise approach is needed to combat the growing threat of fraud against credit unions.

A "silo monitoring" approach within each product area of a credit union no longer works, Ann Davidson, senior risk management consultant, told a breakout audience at the recent America's Credit Union Conference in San Antonio.

Taking an enterprise fraud management approach enables a credit union to coordinate detection and prevention across the "entire business enterprise and it establishes a framework for enterprise-wide deployment of fraud resources," Davidson said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.