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There is a growing fear the internet’s deep recesses could hold detailed information that threatens credit union organizations and members. Dark web monitoring and fraud detection could alleviate some of those concerns.

Fraud is on the rise. The Nilson Report indicated card fraud will grow from $21.84 billion in 2015 to $31.67 billion in 2020. FICO data also confirmed card-skimming losses climbed a massive 546% between 2014 and 2015, and another 70% between 2015 and 2016.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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