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How to Best Protect Member Data During the Holidays

CUs can safeguard members through education, robust internal security best practices and proper vendor due diligence.

By Scott Johnston | Updated on December 14, 2017

‘Tis the season for holiday shopping. Members shopping on sites they’re unfamiliar with, payment and loan offers in abundance, heightened volumes of card-not-present transactions, statements that are longer than any other time of the year … these are a few of fraudsters’ favorite things.

According to the National Retail Federation, more than 174 million Americans shopped online and in stores from Thanksgiving Day through Cyber Monday this year, significantly surpassing the predicted estimates of 164 million shoppers. While this spending might be good for the economy, upticks in volumes also attract criminals and fraudsters.

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