DES MOINES, Iowa (12/8/14)--The Members Group (TMG) is offering a free one-hour webinar on fraud detection at 1 p.m. (CT) Tuesday.
Hosted by TMG Senior Fraud Prevention Analyst Nicole Reyes, "Year of the Data Breach in Rewind" will provide insight on how Target and other breaches continue to affect credit union and community bank card issuers. Reyes will outline the methods TMG has employed to spot, predict--and stop--attacks on consumer accounts stemming from stolen payment card data.
"Card fraudsters are bringing their A game," said Reyes. "They aren't just after card data; they're exploiting any kind of sensitive info they can access. Email addresses create more effective phishing campaigns; answers to security questions easily found on social networks can get them access to accounts via call centers. We're looking at much more than payment fraud, and fortunately, consumers are becoming more aware of that."
Reyes will also talk about one of the few positive results that has resulted from the increase in data breaches: increased consumer awareness. With a spike in consumer interest in fraud prevention, financial institutions have a great opportunity to help consumers change risky behaviors. Reyes will share ways financial institutions can empower consumers to participate in the fight against card and other types of fraud.