Top 5 fraud prevention FAQs in 2020
In 2020, we launched a brand-new, fraud-focused webinar series, “Let’s Talk Fraud.” During these webinars, Allied’s fraud experts answered credit unions’ pressing fraud questions. Here are the top ...
The latest from Ann Davidson
Holiday scam prevention for financial institutions and consumers
Below are two checklists that address the heightened fraud activity that occurs during the holidays: the first checklist contains precautionary measures for your financial institution to follow to detect and ...
Counterfeit check fraud prevention
Reports of counterfeited consumer and business checks continue to pour in from financial institutions across the nation. Counterfeit check fraud results in two types of risk exposure: Exposure to the ...
Chip fallback authorization strategies to reduce fraud impact
Your credit union could continue to incur magnetic stripe fraud on EMV cards and ATMs if you have not yet set-up strong fallback authorization strategies. Here are strategies you should ...
Take steps now to protect your members from the Equifax breach
The enormity of the Equifax® data breach has left a wake of fear and frustration among businesses and consumers alike. Names, social security numbers, birth dates, addresses, driver’s license ...
Mitigating PINless debit fraud exposure
Various financial institutions around the country have experienced counterfeit activity resulting from “PINless” debit transactions, some of which have led to losses in excess of $100,000. PINless debit authorizations ...
Avoid website accessibility lawsuits
Many financial institutions are currently facing legal allegations related to the fact that their websites do not follow the W3C’s Web Content Accessibility Guidelines (WCAG 2.0). These guidelines ...
Fraud liability shift changes have arrived – Are you ready?
As of October 1, 2016, your financial institution will be held liable for any fraud that occurs using a chip enabled MasterCard at one of your ATMs, if the exposed ...