Key Fraud Drivers Across the Industry [Part 1]: Leveraging Your Data

About the Podcast

We’re diving into why more data means less fraud and friction for your members, and the most prevalent forms of fraud for your CU to watch out for right now. 

To jump to Part 2 where we focus on prevention methods, click here

Listen On:

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Key Takeaways:

  • [03:37] Computing power has really driven the ability of these fraudsters to do these things on a mass scale. 
  • [04:01] A robust data strategy pays dividends when it comes to fraud.   
  • [09:30] Card not present is a balance between ensuring a frictionless experience for your members but at the same time getting assertive and aggressive with your rules to prevent fraud.

Presented By

Eric Kraus
Eric Kraus

Vice President and Business Executive | FIS

Eric is responsible for fraud, risk, and compliance solutions within FIS Banking and Payments. In this capacity he leads several teams focused on AML, transactional fraud monitoring and overall financial crime risk mitigation. Eric’s team includes risk analysts, practice managers, consultants, data scientists, and industry subject matter experts, all focused on protecting the assets of credit unions and their members.