Mitigating fraud threats is top-of-mind for executives at credit unions of all sizes, and to learn precisely what they're doing to keep their data and other assets out of thieves' hands, CU Times recently asked readers to complete an online survey.
In the new whitepaper "Standing Up to Fraud: How Credit Unions Mitigate the Threat Landscape," CU Times reveals the results of that survey, as well as reactions and insights from industry experts. The goal of the research is to allow credit unions to benchmark their fraud mitigation efforts against their peers and implement new strategies that will keep their institution – and their members' data – safer than ever.
One finding that raised concerns for fraud experts was the high number of credit unions that may be inadvertently putting their members' data at risk. Eighty-three percent of respondents said their computers that access member data also access the internet and 10.71% said some of their computers that access member data also access the internet.
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