Mitigating fraud threats is top-of-mind for executives at credit unions of all sizes, and to learn precisely what they’re doing to keep their data and other assets out of thieves’ hands, CU Times recently asked readers to complete an online survey.

In the new whitepaper “Standing Up to Fraud: How Credit Unions Mitigate the Threat Landscape,” CU Times reveals the results of that survey, as well as reactions and insights from industry experts. The goal of the research is to allow credit unions to benchmark their fraud mitigation efforts against their peers and implement new strategies that will keep their institution – and their members’ data – safer than ever.

In one significant finding, most credit unions said while they believe their internal fraud controls are adequate, they may need to devote more resources to them. Nearly 59% said their internal controls were adequate and 37.11% said they were some­what adequate, most respondents said employ­ees are trained annually (46.94%) or quarterly (31.63%) on internal fraud controls, and a majority said their supervisory committee reviews internal controls quarterly or annually (38.14% and 34.02%, respectively).