Tidbits from day one of NAFCU’s Risk Conference

Day one is in the books, and it was fantastic.

Here were some of the things that caught my “ear.”

  • The volume of data and transactions in our industry blows my mind. Mastercard said they monitor 160 million transactions an hour.
  • 60 percent of attacks on data and information come from insiders.
  • Cyber criminals are not some kid in their parent’s basement. They are big businesses with training departments and budgets.
  • Within five years, expect nearly 75 percent of Americans to be using some sort of biometrics with their smart phones.
  • The age on an email account has a high correlation to fraud. The older the email address, the less likely a new account is fraudulent. There are vendors that can measure that age.

 

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