A new study developed by Distil Networks and the Online Trust Alliance revealed 95% of top websites across different verticals, including financial services, are no match against advanced persistent and damaging bots. The survey found that while an average of 16% of...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Stealing From 12 CUs: Former Pot Pres. Pleads Guilty
The former president of the Oregon Retailers of Cannabis Association pleaded guilty last week to stealing more than $700,000 from a dozen credit unions and a bank. From January 2014 to July 2016, Nicholas J. Saulsberry, 30, created websites that claimed to be...
Get Ready: CNP Fraud to Hit $71 Billion Over Next Five Years
Merchants could lose $71 billion to card-not-present fraud over the next five years, and North America, the Far East and China will soon account for 80% of that fraud, according to new data from Juniper Research. The U.S. shift to EMV cards and delays in...
CU InfoSecurity 2017: Visa Talks Multiple Biometric Authentication
How Visa looks to help consumers bypass the insecure login and password combination by advancing biometric intelligence was at the center of a presentation CU InfoSecurity 2017 conference in San Diego. With the arrival of mobile phones with fingerprint sensors and...
CFPB’s Cordray Blasts House Report as Misleading, Inaccurate
CFPB Director Richard Cordray says a House committee staff report that accused him of failing to cooperate with the panel’s Wells Fargo probe is inaccurate and misleading. In that report, the Republican staff of the House Financial Services Committee recommends...
CUNA Hopes Economy Finds ‘Goldilocks Solution’
While CUNA officials started the year predicting a 2.5% economic growth rate, they're now hoping they were too optimistic. Bill Hampel, CUNA's chief policy officer, said an economy that is too hot might cause the Fed to raise rates more aggressively, chilling the...

