As shared during our recent webinar, 2021 Fraud Crystal Ball, credit unions continue to face security risks from experienced bad actors. Member attacks are becoming more frequent and creative, and it’s important to stay educated about the types of fraud credit unions are experiencing and best practices for prevention.
As these attacks grow in sophistication, and more credit unions turn to digital and mobile tools, authentication protection measures will become increasingly important in protecting member data and securing against data breaches. Bad actors will continue to push and test for new opportunities, so it’s important credit unions continue to be vigilant in their methods to find weak links in their own security and authentication protocols.
In 2021, it’s key that credit unions stay proactive with prevention, authentication, and education strategies to help mitigate attacks, no matter the cause!
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