Identity Theft Archives

Fraud in 2020: Credit union FAQs

Fraud in 2020: Credit union FAQs

Phishing attacks, payment app fraud, identity theft, and new COVID-19 scams continue to impact credit unions in 2020. An important component in fraud prevention is keeping your employees and members educated and informed on these [...]

New member behaviors energize old fraud trends

New member behaviors energize old fraud trends

Credit unions confront a new reality that is now shaped by changing member behaviors that are motivated by a national health and economic crisis. Thousands of non-essential brick-and-mortar shopping sites are closed for now. Credit [...]

Alternative data in lending is here to stay

Alternative data in lending is here to stay

If your credit union is using only traditional underwriting methods, chances are that you’re limiting your lending potential.  The use of alternative data in underwriting opens credit avenues for members and small businesses that [...]

6 steps for detecting and preventing synthetic ID fraud

6 steps for detecting and preventing synthetic ID fraud

In our last post, we overviewed the different kinds of synthetic identification fraud and their impacts. Synthetic IDs are easy for fraudsters to create—they make quick money and access services for which they will [...]

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