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To Fight Fraud, Credit Unions Look to Core Vendors

As regulators increasingly focus on cybersecurity, core vendors pitch in with new services.

By Roy Urrico | Updated on April 03, 2015

Preventing fraud and taking charge of risk management is mission critical for credit unions, but luckily, they don’t have to go it alone.

Currently, federal regulators are attempting to clamp down on the fraud prevention holes in financial institution infrastructures. On March 30, the Federal Financial Institutions Examination Council released statements about ways financial institutions can identify and mitigate cyberattacks that compromise user credentials or use destructive software. In addition, the FFIEC provided information on what institutions can do to prepare for and respond to these threats.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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