Ever wonder why it’s called “laundering money?” It’s because this type of fraud literally started with laundromats. In the 1920s, laundromats were a novel business. Regular folks (the ones who didn’t have [...]
Data breaches were no stranger to 2016, and we don’t foresee them steering clear of 2017 either. Committing acts of fraud is no longer a hobby for some criminals; it’s a way of [...]
Respondents reporting a general increase in ATM crime fell from 51% in 2015 to 42% this year but security remains difficult for credit unions and banks, according to ATM Industry Association. “This is good news,” [...]
Consumers (and credit unions!), be on alert. ATM fraud – particularly “skimming” – is increasing today. In fact, ATMmarketplace.com recently reported that more than $2 billion in ATM losses are suffered globally each year, a number [...]
Just one week after Michael Anthony LaJoice, the former CFO of the $68 million Clarkston Brandon Community Credit Union, admitted to embezzling $20 million, the Clarkston, Mich.-based cooperative was placed into conservatorship by the [...]
On a recent visit to one of my favorite retail offices, a few things caught my attention. A burnt-out bulb needed to be replaced, magazines in the waiting area had pen marks and ripped pages, [...]
by: Frank Keating, Richard Hunt, Jim Nussle, Tim Pawlenty, Camden R. Fine, B. Dan Berger, Jim Aramanda When consumer expectations don’t match reality, things can go terribly wrong. Americans expect companies with which they [...]
