ACH, Law Enforcement and Smishing

Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

Phishing

Phishing Credit Union Breach Data Breach

To Stop Scams, It’s Time to Add Sensible Friction to Easy Money

FICO

JUNE 15, 2023

They use sketchy providers who don’t normally work with law enforcement and then phish, smish, email, and robocall the heck out of people. In an investment scam, the scammers pose as a legitimate entity offering something lucrative or luxurious with fake websites that seem convincing.

Scams

Scams Real Time Payments Smishing Same Day ACH

Payments Space

Deep Dive: Emerging Security Threats Facing The CU Space And How Data Analytics Can Help

To Stop Scams, It’s Time to Add Sensible Friction to Easy Money

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