Fraud Series Part 2: Tips to prevent account fraud

by The CU Lab

Tune into this episode to learn how fraudsters are leveraging weak authentication to commit account fraud and best practices credit unions can implement for strong authentication measures.

Key Takeaways:

  • [01:46] Online account opening – if you just allow that account opener to become a member and there are no checks and balances behind the scenes before you approve them as a member, it is not if, but when you are going to get hit by fraud.
  • [04:14] Payment app fraud in the last month has just gone up 300% in the industry.
  • [09:24] Share with your members: ‘these are the tools that we as your trusted financial partner what you to be aware of.’ 

 

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