A united front against fraud

Members and CUs can work together to mitigate risks.

Have you ever read or watched the news and come away convinced that threats lurk around every corner?

When bad news bombards your senses, it is only natural to assume that, for example, crime is increasing, especially if the news is reports on an incident close to home. Often, however, this is not backed by hard statistics.

In the same way, high-profile data breaches make the headlines so frequently that we find ourselves asking, have there actually been more breaches, or are those that take place now simply being reported more widely?

Regrettably, the numbers show breaches are indeed on the rise.  According to the Identity Theft Resource Center, 1,579 U.S. data breaches were reported during 2017, a marked increase from 1,093 reported breaches in 2016.

 

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