Fraud Series Part 2: Tips to Prevent Account Fraud

About the Podcast

Tune into this episode to learn how fraudsters are leveraging weak authentication to commit account fraud and best practices credit unions can implement for strong authentication measures.

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Key Takeaways:

  • [01:46] Online account opening - if you just allow that account opener to become a member and there are no checks and balances behind the scenes before you approve them as a member, it is not if, but when you are going to get hit by fraud.
  • [04:14] Payment app fraud in the last month has just gone up 300% in the industry.
  • [09:24] Share with your members: 'these are the tools that we as your trusted financial partner what you to be aware of.'  

Presented By

Ann Davidson
Ann Davidson

VP of Risk Consulting | Allied Solutions

With more than 40 years of diverse experience in the financial industry, Ann Davidson has become a nationally renowned expert in risk control and risk management. Ann has an impressive list of achievements and accreditations in the financial industry, which includes making notable article contributions to accredited financial publications and being a keynote speaker on a variety of risk management topics at hundreds of conferences and seminars nationwide.