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Technology companies are supplying them with the products and services their members desire, working with both individual CUs and creditunionserviceorganizations (CUSOs) to develop case management platforms, modernize systems and provide advanced loan software. CUs are of particular interest to the U.S.
As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, creditunions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.
Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Arby’s reportedly alerted law enforcement after learning of the attack and is working with several cybersecurity firms, including Mandiant, as it continues investigating the breach.
Reading the February 2020 CreditUnion Tracker ® done in collaboration with PSCU , we discover that Canadian creditunion Desjardins Group was hacked , impacting the records of 4.2 The government is holding feet to the fire over cybersecurity, and creditunions are expected to have the same protections as any bank.
In the March CreditUnion Tracker , PYMNTS explores how creditunions (CUs) and creditunionserviceorganizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. Around the CreditUnion Landscape.
With strong data and analytics capabilities, PSCU is equipped with the tools to forecast impacts and help our creditunions to plan ahead as much as possible. When it comes to cybersecurity and fraud protection, it is critical to have monitoring tools in place to manage both internal and external fraud detection.
And now, our cyber score has been selected as one of 5 big ideas to be presented at the National Association of CreditUnionServiceOrganizations (NACUSO) 2017 Network Conference "Next Big Idea Competition.". Why is cyber scoring the next big idea for creditunions?
The creditunionserviceorganization (CUSO) said it blocked cybercriminals at several channel intersections, including at the point of sale, at its contact centers and other avenues. PSCU has prevented over $277 million in would-be fraud last year, 30 percent more than in 2018.
According to reports from cybersecurity expert Brian Krebs, first news of the breach came via a CreditUnionServiceOrganization (CUSO) called PSCU, which sent out a non-public alert to the 800 creditunion member banks it serves advising that it had received a list of compromised card numbers from Mastercard and Visa.
Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards. Pindrop to mitigate call center fraud for Creditunionserviceorganization PSCU. PayPal partners with Oro ecommerce platform. Zopa wins Top Consumer Lending Platform at LendIt awards.
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