October is National Cybersecurity Awareness Month and a perfect opportunity to ensure your credit union is buttoned up against the latest fraud and cybersecurity threats. Particularly as we approach election season and the holidays, when fraud attempts tend to ramp up, credit unions and members will need to be extra vigilant about protecting their personal and financial information. In the last three months alone, the Better Business Bureau has reported over 16,000 scams across the United States.1
As custodians of their members’ financial wellness, credit unions have a duty to be prepared for the latest fraud, phishing and cybersecurity threats, and to provide regular and detailed communication to members.
To help you in that effort, here are the three biggest fraud and cybersecurity trends to watch for in the final quarter of 2020:continue reading »