7 authentication strategies to reduce fraud

The recent Door Dash breach impacted 4.9 million consumers—a powerful reminder that our members’ data is at risk of exposure at any given moment.

Criminals often leverage information stolen from a data breach to gain fraudulent access and attack consumers’ bank or credit union accounts. Though we cannot stop these external data breaches from happening, we can protect our institutions and members with a variety of data protection practices. Adopting sound authentication methods to verify a person’s identity makes it much harder for an individual to provide false credentials and perform fraud. Consider these authentication strategies to safeguard your credit union:

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