Holiday season fraud prevention checklist for credit unions
It’s not if fraud exposure will happen this holiday season, it’s when! That’s why your credit union should help your staff and members prepare for what fraudsters have in store this holiday season.
Our gift to you this holiday is a checklist that you should provide to your credit union staff to ensure that your credit union and credit union’s members have a safe and fraud free holiday season.
Holiday Season Fraud Prevention Checklist:
☑ Educate cardholders about the heightened risk of attacks and scams during the holiday season, such as: Phishing attacks (where the member is asked to pay the scammer money) and recruitment scams (where the member is asked to pay a bit of money up front to earn more money later on.)
☑ Recommend to staff and members that they more closely and more frequently monitor ACH items, outgoing wires, and online transaction activity on all of their cards and accounts to look out for any unauthorized activity. Inform them to pay special attention to ACH items and outgoing wires.continue reading »