Despite an increasing number of large card data breaches, riskcontrol experts and credit union executives say there are thingscredit unions can begin to do today to limit losses from card datafraud.
Ann Davidson, senior risk management consultant for CUNA MutualGroup in Madison, Wis., and Carlton Howard, vice president of riskmanagement at the $2.2 billion Coastal Federal Credit Union inRaleigh, N.C., urged credit unions to not let themselves becomeparalyzed into vulnerability.
The two provided three tips to minimize the costs of cardfraud:
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