by GrafWebCUSO | Mar 30, 2017 | News
Rancho Cucamonga, Calif.-based CO-OP Financial Services intends to implement artificial intelligence to fight fraud, with a machine learning-based risk management tool for its client credit unions later in 2017. “A key pain point for credit unions in 2017 is...
by GrafWebCUSO | Mar 29, 2017 | News
The U.S. Justice Department argued Friday that the Consumer Financial Protection Bureau should be stripped of its independence, a reversal of an earlier stance that the president only had the power to remove the Obama-era agency’s director for cause,...
by GrafWebCUSO | Mar 29, 2017 | News
After more than three years since a Kansas credit union was merged following a suspected embezzlement scheme, federal authorities announced Wednesday the indictment of a former president/CEO who is allegedly responsible for stealing more than $5 million. Nita Rae...
by GrafWebCUSO | Mar 29, 2017 | News
The number of records lost, stolen or compromised in data breaches jumped 86% between 2015 and 2016 even though the number of breaches worldwide dropped 4% in the same period, suggesting that hackers are aiming at organizations with big databases, according to new...
by GrafWebCUSO | Mar 29, 2017 | News
A recent study by Oxford Economics found that 70% of consumers worry about hackers stealing their personal information and 55% feel mobile money is less secure than a physical wallet. Furthermore, in January, IBM, Ponemon and Arxan revealed that 44% of organizations...
by GrafWebCUSO | Mar 29, 2017 | News
The Department of Labor has sent to the Office of Management and Budget its final rule requesting a 60-day delay to the implementation date of its fiduciary rule. The rule must be approved by OMB. Once approved, it will be sent back to Labor for publication in...
