X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
umbrella over lock protection from ID theft Source: Shutterstock

Credit union executives and risk management teams should read a series of recent articles that explain why identity theft has become a top concern for many members. The data and quotes in these articles demonstrate why this fear is growing and what credit unions can do to help alleviate their members’ concerns, and strengthen relationships and loyalty.

The first article from May 2021 references a study conducted by Benenson Strategy Group that revealed consumers’ most significant concerns and fears in today’s world of uncertainty. The respondents’ top concern was identity theft, with 76% indicating they are worried and 34% indicating they are very worried about an event. In fact, “90% of consumers believe becoming a victim of ID theft or cybercrime is something that can happen to them at any time,” according to the study. Additionally, 49% of survey takers believed their lives would significantly change by becoming identity theft or cybercrime victims.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.