It’s hard to stay ahead of fraudsters. Credit unions can renew their security measures and fraud education efforts, but fraudsters find a way.
Envisant President/CEO Libby Calderone joined the CUNA News Podcast to share how the credit union service organization (CUSO) is helping credit unions through the fraud arms race. Calderone and CUNA Digital Media Design Specialist Yeekeng Yang discuss trending fraud attacks, how credit unions can combat them, and more.
“Fraud, identity theft, or anything like that is a real problem,” Calderone says. “It's a troubling thing for a member to experience, so the more we can do to reduce that for our members, the better our credit unions will be.”
In this episode:
0:50: Episode introduction
1:30: Intro to Envisant
2:28: Account takeover fraud
5:00: How credit unions can prevent account takeover fraud
6:03: BIN attacks
7:40: Check fraud
9:45: Synthetic identity fraud
12:41: How to educate members about fraud
13:47: Fraud prevention best practices
16:15: The “Envisant Difference”